August 5, 2005

Deutsche Bank hires FX structurers

Bank today announced it has hired two new foreign exchange structurers to work in the Client Strategy and Solutions group (CSS group). They are both based in London and report to Rashid Hoosenally, Global Head of the CSS group.

Ray Franzi joined Deutsche Bank in June as a Director, working mainly for European corporates ex-Germany. Franzi was most recently Global Head of FX structuring at Dresdner Kleinwort Wasserstein. Franzi has an MBA from Duke University

Chris Collings came to the bank in July as a Director with a specialty in Strategic Corporate Structuring. He will be a specialised resource for all the regional FX structuring teams and corporate coverage. A qualified CPA, Collings was part of the Corporate Finance team at CSFB in London, responsible for all derivatives hedging in cross-border M&A deals. Most recently, Collings ran Weather Derivatives marketing globally at Rabobank.

Rashid Hoosenally, Global Head of the CSS group, commented, "Deutsche Bank is the clear market leader in terms of both market share and Intellectual Capital in Foreign Exchange. These new additions to the team will further enhance our leadership position in providing innovative currency risk management solutions to our global client base."

For further information, please call:

Deutsche Bank
Jo Pope  
(44 20) 7545 8226
Press and Media Relations

About Deutsche Bank

With Euro 964 billion in assets and 63,652 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.