May 4, 2005

Deutsche Bank names Mark Ritter Global Head of Commodities

Deutsche Bank announced today that Mark Ritter will join the firm as Managing Director and Global Head of Commodities within its Global Markets division. Ritter joins the firm from UBS where he was Managing Director and Global Head of Commodities. He will be based in New York and oversee the firm's world-wide commodities business. He will report to Jim Turley, Global Head of Currencies & Commodities , and be a member of the Global Currencies and Commodities Management Committee.

"Powerful cyclical and structural forces working in favor of commodities markets means that this asset class remains an exciting growth opportunity for us," said Turley. "Mark has almost 20 years of experience across the debt spectrum and his appointment further underscores our drive to be among the leading players globally in Commodities."

Ritter began his professional career at UBS in 1986 where he held a variety of management positions in North American Structured Products and Credit Derivatives as well as two years running Credit Exposure Management. In 2003, he was named "Credit Risk Manager of the Year" by 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 .

Ritter has a BS with Honors in Economics from La Trobe University in Melbourne, Australia.

For further information, please call:

Michele Agostinho
Media Relations

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