February 1, 2011

Deutsche Bank appoints Philippe Vollot as its Chief Operating Officer for the Middle East and North Africa

Deutsche Bank announced today the appointment of Philippe Vollot as its Chief Operating Officer (COO) for Middle East and North Africa (MENA) region.

Vollot replaces Alexander Schuetz, who held the position for the past five years and who in turn has been appointed as international COO for the Bank’s retail banking arm.

Vollot will be based in Dubai and will report into Ashok Aram, Deutsche Bank’s Chief Executive Officer for MENA, and Bill Woodley, Global COO for Regional Management.

Aram said “Philippe’s appointment reinforces again Deutsche Bank’s commitment to the MENA region. His extensive experience will play a central role in supporting the implementation of our strategy that is focused on continued regional growth and the expansion of our suite of products and services. “

“We thank Alexander for his valuable contribution to our franchise and we wish him success in his new role,” he added.

In his new capacity, Vollot will be a member of Deutsche Bank’s MENA Executive Committee, and will chair the MENA Operating Committee. In addition, he will oversee the Bank’s infrastructure functions across all businesses and legal entities.

Vollot previously held a number of roles within the Deutsche Bank Group including: Continental Europe Head of Compliance  and Head of M&A Legal UK, before his appointment to his previous role as Country COO for France in 2006.

For further information, please call:

Deutsche Bank AG    

Dana Budeiri  
Phone: +971 (0)4 428 3860 
E-Mail: dana.budeiri@db.com 

About Deutsche Bank

Deutsche Bank is a leading global investment bank with a strong private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With more than 80,000 employees in 73 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.


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