March 4, 2008

Deutsche Bank appoints Filipe Silva as Chief Country Officer for Portugal

Deutsche Bank has appointed Filipe Silva as the new chief country officer for Portugal. Silva is currently head of Deutsche Bank's global banking division for Portugal, a role he has fulfilled since 1999. He succeeds the current chief country officer, Homero Coutinho who is leaving Deutsche Bank after nine years.

Silva joined Deutsche Bank in 1999 as head of global banking Portugal and he is also a member of Deutsche Bank (Portugal) SA executive committee.  Prior to joining Deutsche Bank Silva was managing director and board member of Banco Finantia and head of corporate finance from 1989-1999. He was a financial analyst at The World Bank in Washington from 1987-1988.

Based in Lisbon, Silva will report to Juergen Fitschen, member of the group executive committee and global head of regional management and will continue to report to David Fass in his capacity as European head of global banking.

Commenting on the appointment, David Fass, European head of global banking said: "Deutsche Bank is a well established investment bank in the Portuguese market with prominent market share and strong relationships with most large corporations and leading local financial institutions. Combining the chief country officer and head of global banking role will further leverage our ability to deliver strong solutions for our clients."

Frank Krings, chairman of the supervisory board of DB (Portugal) SA said: "The appointment of Silva ensures that we have succession from within and we will continue with our strong governance practices."

For further information, please call:

Deutsche Bank
Elaine Bartleet   + 44 (0) 207 545 5254
Press and media relations

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 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.