October 25, 2006

Deutsche Bank appoints David Silbert as Global Head of Commodities

Deutsche Bank today announced the appointment of David Silbert as Global Head of Commodities, reporting to Rajeev Misra, Head of Global Credit Trading, effective early in 2007.

Silbert, who will be based in London, joins the bank from Merrill Lynch, where he was most recently European head of commodities. He served as president of Entergy Koch in Europe prior to its acquisition by Merrill Lynch.  Prior to his move to London in 2003, he was responsible for Entergy Koch’s successful North Eastern Gas Trading operation.  From 1993 to 1998, Silbert was a natural gas trader with Texaco Natural Gas, U.S.

Rajeev Misra, Head of Global Credit Trading, commented: “David is a highly experienced commodities industry professional, and I am confident that his depth of experience will allow us to grow our commodities platform, focussing on our strength as a differentiated structured solutions provider.“

For further information, please call:

Deutsche Bank
Stephanie Smart  
(44 20) 7545 2908
Press & Media Relations

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 Euro 1,058 billion in assets and 65,435 employees in 73 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.