January 16, 2007

Deutsche Bank names Koji Fukaya as Senior Currency Strategist

Deutsche Bank AG Tokyo Branch (Deutsche Bank) today announced that it has named Mr. Koji Fukaya as its Senior Currency Strategist. In his new role commencing January 16, 2007, Mr. Fukaya will enhance the ability of the Bank’s Global Foreign Exchange department to offer in-depth foreign exchange research solutions and strategies to its clients.

Mr. Fukaya was formerly Chief Economist at The Bank of Tokyo-Mitsubishi UFJ from July 2004, prior to which he was Chief Analyst, Foreign Exchange & Treasury Division, from October 1997 to June 2004. With over 11 years of experience in foreign exchange research between May 1995 and June 2004, Mr. Fukaya is highly respected for his work and was voted the No.1 Long-Term Forecaster by Euromoney magazine’s industry leading foreign exchange poll for five consecutive years between 2000-2004.

Commenting on Mr. Fukaya’s appointment to the Bank, Drew Bradford, Head of Global Finance & Foreign Exchange Japan, said, “He brings a wealth of experience and recognition as one of the most capable names in foreign exchange research that reflects our capabilities and commitment to the Japanese market as the global number one player in the foreign exchange business. His research and analytical abilities will significantly extend our ability to identify and meet clients’ needs more closely.”

Bilal Hafeez, Global Head of FX Strategy, said, “Japan is one of the world’s largest economies and is therefore a critical market in the development of our foreign exchange business. Mr. Fukaya’s appointment should be understood as a statement of our absolute commitment to building on our global success to lead the foreign exchange business in Japan through focused and high quality services to our clients.”

For further information, please call:

Deutsche Bank AG
Tokyo Branch
(81 3) 5156 4000

About Deutsche Bank Group

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 Euro 1,097 billion in assets and 67,474 employees in 73 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.

In Japan, Deutsche Bank Group is engaged primarily in investment banking for corporate and institutional clients, corporate banking and asset management. The Group employs about1,107 people.