April 24, 2008

Deutsche Bank appoints Marcelo Blanco Chief Country Officer in Argentina

Blanco, David Hinsley to Co-Head Latin American Capital Markets and Institutional Sales

Deutsche Bank today announced the appointment of Marcelo Blanco as Chief Country Officer of Deutsche Bank in Argentina. Blanco will be based in Buenos Aires and report to Seth Waugh, CEO of Deutsche Bank Americas, and Dalinc Ariburnu, Global Head of Emerging Markets in Deutsche Bank’s Global Markets division. Blanco succeeds Luis Caputo, who is retiring from the bank after 11 years of distinguished service.

In addition, Blanco will be Co-Head Latin American Capital Markets and Institutional Sales with David Hinsley. Blanco will retain responsibility for public debt and equity capital markets and client coverage across Latin America, and Hinsley will assume responsibility for derivatives and structured products marketing for Latin American corporations and institutions.

Blanco, a native of Argentina, has more than 20 years of emerging markets experience. He joined Deutsche Bank in New York in 2000 and was appointed Head of Debt Capital Markets for Latin America in 2003. In 2006, he was appointed Head of Corporate & Client Coverage for Latin America, responsible for overseeing all corporate, sovereign and institutional coverage for the region.

Hinsley, who was most recently responsible for Emerging Markets structured liability origination, joined Deutsche Bank in London in 1999. He was responsible for the Debt Capital Markets coverage of Deutsche Bank's Supra-National and Sovereign clients, and later became Global Head of Euro medium term note trading and origination.

Caputo has had a distinguished banking career both in Argentina and internationally. He joined Deutsche Bank in 1997 as Global Head of Emerging Markets Fixed Income Trading. In 1999, he moved to Deutsche Bank S.A. Argentina and took on the role of Head of Global Markets Argentina. In 2003, he was appointed President and CEO of Deutsche Bank S.A. Argentina.

“Our success in Argentina despite challenging markets is a testament to Luis’ leadership, and we sincerely thank him for everything he has done for the firm,” said Waugh. “We are also confident that Marcelo is ideally suited to lead our business in Argentina going forward and will ensure a seamless transition for Deutsche Bank and our clients.”

“Marcelo’s client relationships and track record of success have made him an invaluable part of our Latin American franchise,” said Ariburnu. “His understanding of the market and outstanding reputation in the region will enable us to continue building our successful business in Argentina.”

Blanco earned BS and MS degrees in Industrial Engineering from Instituto Tecnologico Buenos Aires in Argentina and an MA from the University of California, Santa Barbara.

Hinsley graduated with a bachelor’s degree in political science from the University of New Hampshire and earned an MBA in Finance from New York University’s Stern School of Business.

For further information, please call:

Michele Allison 
+1 212-250-4864

Ted Meyer  
+1 212-250-7253

About Deutsche Bank

Deutsche Bank <NYSE: DB> 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 78,291 employees in 76 countries, 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 Securities Inc., member NYSE, FINRA and SIPC, is the investment banking and securities arm of Deutsche Bank AG in the United States.