July 22, 2005

Deutsche Bank appoints Jon Hitchon as Head of Global Prime Services

Deutsche Bank today announced the appointment of Jon Hitchon as Head of Global Prime Services effective immediately.

Hitchon has long been respected within the Prime Services industry having been Co-Head of Deutsche Bank's Equity Prime Services business between 2001 and 2003. During this time he played a vital role in helping Deutsche Bank become a leading player in the industry. For the past two years, he has been COO of Deutsche Bank's equity proprietary trading business. 

"We are confident that Jon has the industry expertise, client contacts and management skills to maintain the growth momentum within Prime Services and Hedge Fund relationship management", said Alan Cloete, Head of Global Markets Finance at Deutsche Bank.

"Prime Services is a business that Deutsche Bank's Global Markets division is totally committed to, and one that plays to our strengths in derivative structuring, innovative financing solutions and traditional broking. Deutsche Bank believes that the quality of our Prime Services platform is vital to the partnerships we enjoy with hedge funds around the world today."

Hitchon will be based in London and will report directly to Alan Cloete, Head of Global Markets Finance and Yassine Bouhara, Head of Global Equity Derivatives.

For further information, please call:

Deutsche Bank

Stephanie Smart  
+44 (0) 797 123 8491
Press & Media Relations

About Deutsche Bank

With Euro 901 billion in assets and 64,500 employees, Deutsche Bank offers unparalleled financial services in 74 countries throughout the world. Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

Deutsche Bank ranks among the global leaders in corporate banking and securities, transaction banking, asset management, and private wealth management, and has a significant private and business banking franchise in Germany and other selected countries in Continental Europe.