July 27, 2007

Deutsche Bank appoints Duncan Simmonds to Australian emerging companies equity research team

Deutsche Bank today announced the appointment of Duncan Simmonds to its Australian emerging companies equity research team effective 30th July.

Simmonds joins existing emerging companies analysts, Neil Watson and Paul Hinds, in assuming coverage of a broad range of stocks which fall outside the large capitalisation ASX100 equity index. Deutsche Bank currently covers more than 75 Australian listed emerging companies.

Ross Brown, Head of Equity Research, Australia and New Zealand said, “Duncan is a talented analyst, and our clients will benefit from his insights and broad range of experience in analysing companies across many industries.”

Simmonds joins Deutsche Bank from Lodge Partners, where he was responsible for a team of analysts covering small and mid capitalisation Australian listed companies across a broad range of industries including manufacturing, engineering and construction, infrastructure, transport and telecommunications.

Simmonds is a Chartered Financial Analyst and was awarded the Securities Institute of Australia State Prize for the highest mark in Victoria for Financial Markets Economics in 2002.

For further information, please call:

Cathy Knezevic
+61 2 8258 2792

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 73,114 employees in 75 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.