March 29, 2006

Deutsche Bank names its Singapore Trade Finance and Cash Management Corporates Head

Deutsche Bank today announced that it has appointed Low Yang Sun as the Head of Trade Finance and Cash Management Corporates for Singapore within its Global Transaction Banking (GTB) division. Yang Sun will be based in Singapore, reporting directly to Thomas DuCharme, Regional Head of Trade Finance and Cash Management Corporates, Asia.

"In leading the strategic growth plans for Deutsche Bank's Trade Finance and Cash Management Corporates franchise in Singapore, Yang Sun will focus on target market expansion and further product roll-outs. These will be executed against an aggressive strategic plan that aims to promote effective teamwork within GTB's Trade and Cash businesses," said Thomas DuCharme.

Yang Sun joins with over 17 years of banking experience, with his most recent role being the Head of Payment and Cash Management for HSBC in Singapore. He was responsible for the overall cash management strategy business for HSBC in the country and his role encompassed the product, sales and client management functions. He holds a Bachelor degree in Economics from the University of Michigan, Ann Arbor, USA.

DuCharme adds: "I am confident that Yang Sun's appointment will generate the momentum that is needed to bring his team to the next level as they work to provide innovative trade and cash solutions to meet our customers' requirements."

For further information, please call

Pwai Foon Tang (65) 6423 8189

About Deutsche Bank

In Asia Pacific, Deutsche Bank has over 45 offices in 17 financial markets with more than 6,500 staff. Deutsche Bank was recently named Bank of the Year, 2005, by IFR Asia and IFR.

With Euro 992 billion in assets and 63,427 employees, Deutsche Bank offers unparalleled financial services in 73 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.