March 5, 2008

Deutsche Bank appoints David Conroy as Americas Head of Trade Finance and Cash Management Corporates

Deutsche Bank today announced that David Conroy has been appointed Managing Director and the Americas Head of Trade Finance and Cash Management Corporates for its Global Transaction Banking (GTB) business area. GTB encompasses Deutsche Bank’s cash management, trade finance, capital market sales and trust & securities services. Based in New York, David Conroy will report to GTB’s Marilyn Spearing, Global Head of Trade Finance and Cash Management Corporates.

David Conroy has more than 20 years of transaction banking experience. He spent the last eight years in senior management roles across cash, trade and relationship management with Citibank Global Transaction Services. Prior to Citibank, David Conroy held a number of leading transaction banking roles at Standard Chartered and JPMorgan Chase. 

Deutsche Bank’s Marilyn Spearing said, “Deutsche Bank’s transaction banking business has been recognized as an industry-leading area that is a solid generator of revenues and profits. We play dominant roles in many areas of our GTB business in the US, including our top five US dollar clearing position. The Americas is an important pillar of our global approach and we are committed to making the necessary investment of financial and human capital to continue our success in this region.  David Conroy is a prominent transaction banking specialist who offers the expertise and vision to continue to move our Americas cash and trade presence to the next level.”

Deutsche Bank

John Gallagher   
+1 212 250 4516

About Deutsche Bank

Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise.  A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 78,291 employees in 76 countries, Deutsche Bank competes to be the leading provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

Deutsche Bank Securities Inc., member NYSE, FINRA and SIPC, is the investment banking and securities arm of Deutsche Bank AG in the United States.

Global Transaction Banking (GTB) comprises commercial banking products and services for corporate clients and financial institutions, including domestic and cross-border payments, professional risk mitigation for international trade, asset and liability management and the provision of trust, agency, depositary, custody and related services. Business units include Cash Management, Trade Finance, Trust & Securities Services and Capital Market Sales. We employ over 3,800 professionals in more than 35 countries.