September 7, 2007

Deutsche Bank boosts Global Industry Coverage Platform with two new appointments

Deutsche Bank today announced that Scott Bell has joined the bank as a Managing Director and Global co-Head of the Consumer industry group and Arkadi Nachimowski has joined the bank as a Managing Director and Head of the European Chemicals team.

Both Bell and Nachimowski will report to Brett Olsher, co-Global Head of Industry Coverage and Natural Resources at Deutsche Bank. They will be based in London.

Bell joins Deutsche Bank from HSBC where he was the Global Head of Consumer and Retail. Previously he was the Head of the Consumer Group at Goldman Sachs. With over seven years experience in the sector he has been involved in a number of important deals including Genting’s acquisition of Stanley Leisure, Interbrew’s merger with Ambev and Starbuck’s acquisition of the Seattle Coffee Company.

Prior to joining Deutsche Bank, Nachimowski was head of European Chemicals at UBS and has worked in the sector at UBS for more than 10 years. He has worked on many high profile transactions in the global chemical sector including the IPOs of Symrise, REC and Yara. In addition, he recently led the team that originated and executed the disposal of HC Stark and Wolff Walsrode by Bayer and the acquisition of Degussa construction chemicals by BASF.

Commenting on the appointments Olsher said: “We’re delighted to have bankers of this stature to lead these key teams. Our ability to attract people of this calibre is evidence of the strength of our franchise and the growing depth of expertise of our Industry Coverage Group.” 

In addition to the Bell and Nachimowski appointments, the bank has promoted Alan Brown to Head of the EMEA Natural Resources Group; Iain Macleod to Head of EMEA Transport and Infrastructure; Massimo Saletti to Head of EMEA Real Estate Investment Banking and Nick Taylor to Head of EMEA Metals and Mining. All will continue to be based in London.

For further information, please call:

Deutsche Bank

Richard Thomson 
(44 20) 7545 6941
Press and media relations

Oonagh Baerveldt 
(44 20) 7547 1605
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 73,114 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.