November 8, 2007

Deutsche Bank appoints Zoltan Kuralias Chief Country Officer for Hungary

Zoltan Kurali has been appointed as the new Chief Country Officer for Hungary and CEO of Deutsche Bank ZRt., Budapest. He takes over from Farbod Lotfi, who has left Deutsche Bank to pursue further opportunities.

Based in Budapest, Zoltan Kurali is responsible for overseeing all activities of Deutsche Bank in Hungary. Deutsche Bank offers to its corporate and institutional clients products from Global Markets, Corporate Finance and Global Transaction banking. It delivers to its customers individual consultation, tailor-made products and solutions as well as a deep understanding of the Hungarian market. In his function as Chief Country Officer, Zoltan Kurali will report to Peter Tils, CEO Central and Eastern Europe.

Zoltan Kurali previously acted as Deputy CEO of Deutsche Bank ZRt. He joined Deutsche Bank in 2006 from Citigroup where he had been in charge of the investment banking activities in Hungary and further Central European countries. 

Jürgen Fitschen, Member of the Group Executive Committee of Deutsche Bank AG, said: “Zoltan Kurali’s career in investment banking has provided him with a comprehensive knowledge about the financial sector in this region. With this experience he will ensure that Deutsche Bank Hungary continues to grow its business in the Hungary market. We also thank Farbod Lotfi for all his work having led Deutsche Bank Hungary successfully and wish him well for his new opportunities.”

For further information, please contact:

Deutsche Bank AG

Press and Media Relations
Klaus Thoma
Phone: 0049-69-910-33405

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 77,920 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.

About Deutsche Bank in Hungary