March 28, 2007

Deutsche Bank appoints John Butler as Head of the Index Stategy Group for Global Rates

Deutsche Bank today announced the appointment of John Butler as Managing Director and Head of the Index Strategy Group within Global Rates, effective immediately.

Butler will report to Bhupinder Singh, Head of Structured Rates Products, Europe and Asia and be based in London. In his new role Butler will focus primarily on the development of new Fixed Income Index strategies and products for both institutional and retail clients.

Butler most recently worked at Lehman Brothers, where he was an MD and Head of European Rates Strategy. Prior to joining Lehman Brothers, Butler spent five years at Dresdner Kleinwort Wasserstein as their Chief Debt Strategist.

Bhupinder Singh, Head of Structured Rates Products, Europe and Asia comments; "We are delighted that John has joined Deutsche Bank. He will add significant value to our product development capabilities. We have created a successful line of institutional fixed income research models that seek to extract alpha across fixed income markets. John's appointment will ensure that we build on this success and continue to satisfy investor demand for alpha-generating products."

For further information, please call:

Deutsche Bank

Stacey Coglan (44 20) 7545 8226
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 Euro 1,126 billion in assets and 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.