May 3, 2007

Deutsche Bank appoints Head of Company Research, CEEMEA and Latin America and Head of Latin American Company Research

Deutsche Bank today announced the appointment of Pascal Moura as Head of Company Research, CEEMEA and Latin America. Moura will report to Guy Ashton, Global Head of Company Research and will be responsible for Deutsche Bank’s company research team in the CEEMEA region as well as overseeing Latin America. Rizwan Ali has been appointed as Head of Latin American Company Research and will provide equity research coverage of Latin American and emerging European telecommunication companies.  

Moura joined Deutsche Bank in 2002 as Head of Swiss Equity Research, having been in investment banking for more than 20 years. Most recently he spearheaded the successful development of the Pan European Small and MidCap Company Research product at Deutsche Bank.

Ali joins Deutsche Bank from Bear Stearns, where he spent 10 years and was a Senior Managing Director and lead analyst covering Latin American and emerging European telecommunication companies. Prior to that, Ali was a Latin American telecom analyst at Morgan Stanley. He began his Latin American research career at Oppenheimer and Company.

Guy Ashton, Head of Company Research, said, “The appointment of both Moura and Ali underscores our commitment to the emerging markets equities platform, where we will continue to focus on delivering insightful analysis of local companies.”

For further information, please call:

Deutsche Bank

Sarah Yates        (44 20) 7547 2603
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 68,849 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.