September 11, 2006

Deutsche Bank appoints Head of Global Banking for GCC

Deutsche Bank today announced the appointment of Nicholas Hegarty as Head of Global Banking for GCC, effective immediately.

At Deutsche Bank, Hegarty will be responsible for leading the investment banking practice and developing Deutsche Bank's coverage platform in the Gulf. Hegarty has many years experience of the GCC markets having worked on DPW’s Syndicated Term Loan and Sukuk Convertible, as well as the National Bank of Abu Dhabi’s US$ 850 million floating rate note and Istithimar’s £127 million Acquisition Financing of One Trafalger Square. He will report to Philip Southwell, Head of Global Banking for CEMA.

Hegarty joins Deutsche Bank from Barclays Capital where he was Head of Middle East and North Africa as well as CEO, Compliance Officer and Anti Money Laundering Officer for the DIFC branch of Barclays Bank. At Barclays he was responsible for the development of Barclays’ regional Investment Banking strategy as well as managing the bank’s local operation and client relationships.

Philip Southwell, Head of Global Banking for CEMA, commented, ”We are delighted to welcome Nick to Deutsche Bank to strengthen our platform in the Middle East. Nick has been involved in numerous high profile and complex transactions in the region and we believe he will be a very valuable addition to the team.”

Ricardo Honegger, Chief Country Officer for UAE, said, "The GCC markets are of significant importance to us and, under Nick's leadership, we look forward to further developing our regional business. With his depth of experience in the Middle East, Nick's appointment is further indication of Deutsche Bank’s commitment to the region.”

For further information, please call:

Deutsche Bank

Stephanie Smart  
(44 20) 7545 2908
Press & Media Relations


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 Euro 1,058 billion in assets and 65,435 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.