October 24, 2005

Deutsche Bank appoints Managing Director in Global FIG

Deutsche Bank today announced the appointment of Cyril Gasztowtt as Managing Director within its Global Financial Institutions Group (FIG) reporting to Jorge Calderon, Global Head of FIG. Gasztowtt, who will be based in London and start by the end of 2005, will focus on the origination of Equity Capital Markets (ECM) and Structured Equity Transaction Group (SETG) opportunities in the FIG sector across Europe.

Gasztowtt joins from Bear Stearns where he led the formation of a structured product business with institutional accounts. He previously spent eight years at Credit Suisse Financial Products and subsequently Credit Suisse First Boston structuring and marketing derivative transactions. He began his career at Paribas where he was one of the founders of their equity derivatives business.

Commenting on the appointment, Jorge Calderon, Global Head of FIG said; "Cyril is an important strategic hire for Deutsche Bank. He is a first class senior structured product banker and brings over 16 years of experience to Deutsche Bank. Cyril will be an extremely valuable addition to our business and will work closely with our FIG bankers and our ECM and SETG teams to help identify and execute key equity related transactions with leading financial institutions as we continue to grow our Financial Institutions Group."

"Deutsche Bank has the highest level of commitment to FIG, a business that allows us to fully combine and maximise our expertise in both Global Banking and Global Markets. In welcoming Cyril to our team, we are able to significantly enhance our positioning in this sector."


For further information, please call:

Deutsche Bank

Victoria Garrod  (+44 20) 7547 1605
Press & Media Relations


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With Euro 964 billion in assets and 63,652 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