May 6, 2008

Deutsche Bank appoints Jeffrey Chung as Head of Global Markets, Korea

Deutsche Bank today announced it has appointed Jeffrey Chung as Head of Global Markets Korea effective immediately. Mr. Chung was previously Co-Head of Equity Sales, Asia, based in Hong Kong, and has been at Deutsche Bank since 2001.

In his new role, Mr. Chung is responsible for managing a sales and trading business which is a market leader in foreign exchange and interest rate trading; the provision of structured products to Korean clients and international investors accessing the Korean market; and the raising of capital and providing risk management solutions for Korean government entities, quasi-government institutions and leading local corporations.

Mr. Chung will report locally to Soo-Ryong (SR) Kim, Chairman and Chief Country Officer of Deutsche Bank in Korea, and regionally to Mr. Loh Boon Chye, Head of Global Markets Asia, at Deutsche Bank.

Commenting on Mr. Chung's appointment, Mr. Kim said: “Jeffrey’s intimate knowledge of local and international financial markets will be of great benefit to our Korean clients - many of whom require the provision of hedging solutions, risk mitigation and/or returns, and will add substantial strength to local management which is a huge positive for our talented employees".

Mr. Loh added: "Deutsche Bank in Korea has built up a reputation as a leading provider of liquidity to local markets and as an important contributor to capital market development. Jeffrey's relocation to Korea underlines the Bank's commitment to one of our most important markets in Asia, and ensures the Bank is appropriately represented to the local financial community and our clients."

Mr. Chung has over 11 years’ financial markets experience, both as an equity analyst and in equity sales. Prior to joining Deutsche Bank in 2001 Mr. Chung was a Director of Asian Equity Sales at Merrill Lynch in Hong Kong, following a period at SBC Warburg as an equity salesperson in Hong Kong and a Korean equity analyst in Seoul.

Mr. Chung began his career as a lawyer, first working at the New South Wales State Attorney General’s Department, Australia, and then in internal litigation for Mercantile Mutual Holdings in Sydney, Australia. Mr. Chung holds a Bachelor of Arts from Sydney University, Australia and a Diploma of Law from the Sydney University Law Extension Committee.

For further information, please contact:

Mark Bennewith
Communications, Asia
Deutsche Bank
Tel: +65 6423 8413
Mob: +65 9233 6775

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 78,275 employees in 76 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.