January 27, 2009

Deutsche Bank appoints new Head of Global Markets MENA and Head of Islamic Finance

Deutsche Bank today announced the appointment of Salman Al-Khalifa as head of Global Markets Middle East and North Africa (MENA) and Hussein Hassan as Head of Structuring MENA and Head of Islamic Finance at Deutsche Bank. The appointments are effective immediately.

Salman Al-Khalifa is a Bahraini citizen and was previously head of Global Markets Sales for MENA at Deutsche Bank. In his new role he will report to Yassine Bouhara, Global Head of Structuring and Head of Global Markets for Europe, the Middle East and Africa. Hussein Hassan is a Kenyan citizen, of Yemeni origin, and was previously head of Islamic Structuring at Deutsche Bank. In his new role he will report to Al-Khalifa in the region and Daniel Morley, Head of Emerging Markets Structuring at Deutsche Bank in London.

“We are pleased to appoint Salman Al-Khalifa and Hussein Hassan to these roles. These two appointments demonstrate our commitment to investing in this business and to developing the best local talent in the region,” said Yassine Bouhara, Global head of Structuring and head of
Global Markets Europe, the Middle East and Africa.

Henry Azzam, Deutsche Bank’s CEO in the MENA region, said “Deutsche Bank has witnessed tremendous growth in the region over the last few years, and has firmly established for itself a leadership position in regional markets. We believe that the new appointments will further strengthen our offering and our regional franchise.”

Prior to joining Deutsche Bank, Al-Khalifa held senior positions with Investcorp in Bahrain and UBS in London. Hassan studied Shari’a law in Yemen and is a holder of a DPhil in Law from Oxford University. Hassan taught law at Mansfield College, Oxford University, and was a fellow in Islamic law at the Oxford Centre for Islamic Studies.

Al-Khalifa and Hassan replace Ricardo Honegger, Head of Global Markets MENA and Geert Bossuyt, Head of Structuring MENA and Head of Islamic Finance at Deutsche Bank. After almost ten years with Deutsche Bank, Honegger will be going into retirement and re-domiciling with his family to Japan.

Bouhara added “We are thankful to Ricardo and Geert who have been instrumental in deploying a world class business and for their immense contribution to building Deutsche Bank’s franchise in the Middle East and North Africa.”

For further information, please call:

Deutsche Bank
Dana Budeiri
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 81,308 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.