October 1, 2008

Deutsche Bank appoints Jon Richman as Head of North America Sales for Trade Finance and Cash Management Corporates

Deutsche Bank today announced that Jon Richman has been appointed Managing Director and will take up the newly-created position of Head of North America Sales for Trade Finance and Cash Management Corporates in Global Transaction Banking (GTB). GTB encompasses Deutsche Bank’s cash management, trade finance, capital market sales and trust & securities services. Based in New York, Jon Richman will report to GTB’s David Conroy, Americas Head of Trade Finance and Cash Management Corporates.

Prior to joining Deutsche Bank, Jon Richman spent more than 20 years at Standard Chartered Bank. In his most recent position, he led Standard Chartered's transaction banking business in North Asia, covering Hong Kong, China, Taiwan, South Korea and Japan. Before that, he held management positions in Wholesale Banking and other areas of Standard Chartered, based in New York, London and Hong Kong. During the course of his career, Jon developed a number of innovative and market-leading trade and supply chain finance solutions.

Deutsche Bank’s David Conroy said, “Deutsche Bank GTB is recognized as a leading transaction banking services provider, in the Americas and globally. Our clients need cash management and trade finance solutions and to assist them best we are aligning our cash management and trade finance sales teams under this newly-created position.

Jon is an experienced transaction banking specialist who is prepared to take on this pivotal role. His ability and depth of knowledge will allow him to provide seamless support for clients’ comprehensive cash management and trade finance needs.”

Deutsche Bank

Libby Young (UK) +44 (0) 207 545 6941
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 80,253 employees in 75 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.