April 21, 2010

Deutsche Bank hires European Head of Distressed Trading

Deutsche Bank has appointed Stephen Byrne as European Head of Distressed Trading. Based in London, Byrne joins the bank after 14 years at Goldman Sachs where he was most recently Co-Head of European High Yield and Public Loan Trading.

Byrne has extensive experience in high yield and leveraged loans and spent the last five years in Europe building Goldman Sachs’ leveraged loan trading platform.

He will report to Gavin Colquhoun, European Head of the Distressed Products Group.

Commenting on the appointment, Colquhoun said: “Stephen is an important strategic hire for Deutsche Bank. His credit knowledge and market relationships will support the continued leadership and growth of our Par, High Yield and Distressed platform."

For further information, please call:

Deutsche Bank AG                                

Michelle Gathercole                                  
Phone: +44 (0) 20 7545 4249        
E-Mail: michelle.gathercole@db.com        

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 77,053 employees in 72 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.