April 11, 2005

Deutsche Bank appoints Global Head of Emerging Market Equities for Latin America & Central and Eastern Europe, the Middle East and Africa

Deutsche Bank today announced the appointment of Kerim Derhalli as Global Head of Emerging Market Equities, Latin America & Central and Eastern Europe, the Middle East and Africa. (CEEMA)

Kerim will be responsible for all aspects of Deutsche Bank's equities businesses in these regions, including sales, sales/trading, cash trading, origination and overseeing the existing derivative structuring and trading joint ventures. He will jointly report to Pablo Calderini, Head of Global Markets for Latin America and CEEMA and Ralph Reynolds, Global Head of Cash Equities.  Ed Peter will continue to manage the Emerging Markets Equities business in Asia.

Ralph Reynolds said:

"Kerim brings many years of emerging market expertise to this role in addition to tremendous franchise building skills, most recently deployed in the successful transformation of our Commodities business. This appointment will further strengthen our position in Emerging Markets."



For further information, please call:

Deutsche Bank

Alexandra Walker   + (44 20) 7547 2839
Press and Media relations



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With Euro 840 billion in assets and 65,400 employees, Deutsche Bank offers unparalleled financial services in 74 countries throughout the world. Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

Deutsche Bank ranks among the global leaders in corporate banking and securities, transaction banking, asset management, and private wealth management, and has a significant private & business banking franchise in Germany and other selected countries in Continental Europe.