April 7, 2010

Deutsche Bank appoints Joe Cassidy Head of Prime Brokerage and Derivative Clearing for Global Rates

Deutsche Bank has appointed Joe Cassidy as Head of Prime Brokerage and Derivatives Clearing for Global Rates. He joins from Nomura where he held several senior positions including Global Co-Head of Prime Services, Global COO of Prime Services, Head of Equity Strategy and Head of European Corporate Strategy.

Joe will join Deutsche Bank in May and will report to Fredrik Gentzel, Head of Credit Portfolio Management and Prime Brokerage for Global Rates and Commodities.

Michele Faissola, Head of Global Rates and Commodities, said: “Joe’s appointment is another key step in our strategic plan to build a leading client clearing platform in the OTC derivatives market. We are committed to helping our clients navigate the changing OTC landscape and are working with them to build innovative services and products to meet their needs."

Deutsche Bank's Global Rates business is a market leader in fixed income and OTC derivative products and services. It recently won IFR’s Derivatives House and Interest Rate Derivatives House of the Year 2009 awards. Deutsche Bank was also named World’s Best Prime Broker by hedge funds in the July 2009 Prime Brokerage Survey by Global Custodian, ranking best in class in 127 of the 150 categories.

For further information, please call:

Deutsche Bank AG                                

Michelle Gathercole                                  
Phone: +44 (0) 20 7545 4249        
E-Mail: michelle.gathercole@db.com        

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 77,053 employees in 72 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.