July 25, 2005

Deutsche Bank names Louise Kitchen Global Head of Commodities Structuring and Marketing

Deutsche Bank announced today that Louise Kitchen will join the firm as Managing Director and Global Head of Commodities Structuring and Marketing within its Global Markets division. Kitchen joins from UBS where she was Managing Director and Head of Distribution and Structured Products, Energy. She will be based in New York and report to Hope Pascucci, Global Head of Debt Capital Markets.

"Louise is one of the most respected marketers and structurers in the US power and gas markets," said Mark Ritter, Deutsche Bank Global Head of Commodities, who also joined the firm from UBS this year. "Louise has a proven record of success in the industry and will further enhance our client reach and our ability to create tailored financial solutions."

Kitchen has been named one of Fortune's "Most Powerful Women in Business" and was the subject of a Harvard Business School Case Study entitled "Louise Kitchen: Intrapreneur". In 2004, she was named a member of the "10 Year Hall of Fame" by Energy Risk magazine.

Deutsche Bank's Global Commodities business is a leading provider of client-focused solutions across the full spectrum of metals and energy products.

Kitchen holds a BA from Kingston University in Kingston-Upon-Thames, UK.


For further information, please call:

Renee Calabro
Media Relations


About Deutsche Bank

With Euro 901 billion in assets and 64,500 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.

Deutsche Bank Securities Inc. is the investment banking and securities arm of Deutsche Bank AG in the United States.