May 16, 2005

Deutsche Bank appoints Stuart Lewis Global Head of Loan Exposure Mangament Group

Deutsche Bank today announced that Stuart Lewis will succeed Betsy Gile as Global Head of the bank's Loan Exposure Management Group (LEMG) as of 1 July 2005. 

Lewis, currently Head of LEMG in Europe, joined Deutsche Bank in 1996. Prior to joining LEMG in July 2003, Lewis was Deputy Chief Credit Officer of the Corporate and Investment Bank and spent seven years in various roles within Credit Risk Management. Lewis will report to Hugo Banziger, Group Chief Credit Officer and will be based in London.

Betsy Gile intends to retire from the securities industry this year after a successful career in banking and finance spanning 28 years. Gile joined Deutsche Bank in March 2003 and spear-headed the roll-out of capital markets-based pricing for all new corporate loans and the implementation of active portfolio management.

Sean Kavanagh will assume the position of Deputy Global Head of LEMG based in New York. Kavanagh will be responsible for International Securitisation and Risk Management within LEMG, in addition to his role as Head of LEMG Americas. Kavanagh joined Deutsche Bank in July 2001 to run the credit derivative hedging practice of the International Investment Grade Lending business. He will report to Stuart Lewis.


For further information, please call:

Deutsche Bank

Stephanie Smart  (44 20) 7545 2908
Press & Media Relations


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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.