July 4, 2005

Deutsche Bank appoints new European Head of Industrials

Deutsche Bank today announced the appointment of Ben Story as Managing Director and Head of Industrials for Europe. Reporting to David Fass, Head of Global Banking Europe, Story, who will be based in London, will have a senior origination and leadership role.

Story joins from Morgan Stanley, where he has spent the last eight years, most recently as Managing Director and Head of Transportation and Infrastructure for Europe.

During his time at Morgan Stanley, Story worked on a number of major transactions, including the acquisition of Amadeus Global Travel Distribution by BC partners and Cinven, the €2.5 billion IPO of Postbank by Deutsche Post World Net and the €750 million rights issue by Lufthansa.

Commenting on the appointment, David Fass, Head of Global Banking for Europe, said; "Ben is highly respected within the Industrials industry for his market knowledge.  With his exceptional experience and client relationships, he will be a valuable addition to our team as we continue to strengthen our coverage network."


For further information, please call:

Deutsche Bank

Joanna McCulloch                (+44 20) 7545 6941
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.