July 25, 2006

Deutsche Bank appoints Head of Middle East Company Research

Deutsche Bank today announced it had hired Zahed Chowdhury as Head of Middle East Company Research, effective immediately. 

Chowdhury, who will be based in Dubai, will develop and manage the bank's company research coverage for the Middle East region. He will report to Stephen O'Sullivan, Head of EEMEA and Latin American Research.

Chowdhury joins Deutsche Bank from HSBC where he was Head of Research based in Dubai. There he managed a team of analysts in developing an equity, credit and economic research product for HSBC in the region. Prior to that he was a senior investment analyst at Merrill Lynch.

Stephen O'Sullivan, Head of EEMEA and Latin American Research at Deutsche Bank, commented "We are delighted that such a high-calibre individual, with almost eight years experience of research in the Middle East, has joined us to lead our team across the Middle East. We are the top-ranked research firm across the EMEA region and have a strong commitment to building a world-class research product in the Middle East to strengthen and complement our existing team."

Ricardo Honegger, Head of Global Markets and Global Banking for MENA at Deutsche Bank, added, "The Middle East is becoming an increasingly important region for the investment banking community. Following the launch of our brokerage business on the Tadawul in May, we hope that by developing a strong research platform for the region we will be able to offer a comprehensive equity service to our customers both domestically and internationally."

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 1,035 billion in assets and 64,103 employees, Deutsche Bank offers unparalleled financial services in 73 countries 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.