November 11, 2010

Deutsche Bank appoints global co-heads of inflation trading

Inflation trading strengthened with senior hires

Deutsche Bank has appointed Stephane Salas and Paul Canty as global co-heads of inflation trading. Based in London, Stephane and Paul will head the bank’s leading inflation trading franchise which has continued to grow as inflation concerns have become an increasing concern for clients.

The team will be further strengthened with the appointment of Nicolas Tabardel as head of inflation options and exotics trading. This new role demonstrates Deutsche Bank’s commitment to a strong and diverse inflation trading business and will add impetus to the bank’s growing inflation options trading activities.

Stephane joins Deutsche Bank from Société Générale where he was global head of inflation trading. He was at Société Générale for fourteen years, holding a variety of roles in both Paris and Singapore. Prior to being appointed to his most recent role he was responsible for market making in EUR inflation-linked products.

Paul has been with Deutsche Bank for three years, most recently as European head of inflation trading. He held similar roles at UBS and ABN Amro and has been involved in the inflation markets since 2003.

Both Stephane and Paul will report to Michele Foresti, head of structured trading.

Nicolas Tabardel joins Deutsche Bank from Citibank where he was responsible for inflation options trading.

Commenting on the appointment, Michele Foresti said: “Inflation trading is an important part of Deutsche Bank’s world leading rates franchise and we have achieved a primary position in 2010. The appointment of Stephane and Paul, as well as the addition of Nicolas, will allow us to continue to expand our business and will ensure that our clients benefit from the highest quality of execution and trading services.”

For further information, please call:

Michelle Gathercole                                  
Phone: +44 (0) 20 7545 4249        

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 82,504 employees in 72 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.

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