September 9, 2008

Deutsche Bank hires three Greater China corporate finance execution specialists

Deutsche Bank today announced it has hired three senior corporate finance executives, with a specialisation in equity capital markets and advisory execution, to further strengthen the Bank’s investment banking franchise in North Asia. The bankers, whose positions are effective immediately, were previously at UBS.

The appointments are: Ms. Heidi Yang – the former head of Greater China Corporate Finance Group at UBS - who joins as a Managing Director and Head of the Corporate Advisory Group Asia; Danny Lee, who joins as a Director in the Corporate Advisory Group Asia; and Johnson Ngie, who also joins as a Director in the Corporate Advisory Group Asia.

Ms. Yang will report to Alex Manson, Managing Director and Head of Global Banking Coverage Asia Pacific.

Commenting on the appointments, Mr. Manson said: “These important hires add considerable experience to our execution function in Greater China, and come at a time when local clients are looking for innovative funding and advisory solutions given the high level of volatility we are seeing in markets.”

Lee Zhang, Head of Global Banking Asia Pacific, said: “This year Deutsche Bank has stepped forward with confidence, and has continued to invest in both its China and investment banking franchises. These appointments are a sign of our strength and underline our unwavering commitment to our clients in the region.”

For further information, please contact:

Jason Collins  +65 6423 8418

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 80,253 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.