June 4, 2007

Deutsche Bank opens office in Oslo, Norway

As a leading global investment bank with a strong presence in the Nordic region and Norway, Deutsche Bank has announced the opening of an office in Oslo, Norway. The opening of the Oslo office affirms Norway’s importance to the bank as an area of continued growth and opportunity for the bank’s global platform of products and services. Initially, the Oslo branch will focus on delivering private wealth management services. Norway’s highly-developed economy offers significant synergies for Deutsche Bank’s Private Wealth Management franchise.  

Of the opening, Marc Lopez, Deutsche Bank Head of Europe Private Wealth Management said: ‘Norway is a successful and growing market for Deutsche Bank. The opening of the Oslo office affirms our commitment to providing on the ground support for our private wealth management clients, as well as providing a base for investment banking opportunities. Having a strong presence in Norway will allow Deutsche Bank to take advantage of the growing opportunities in the Nordic region.’

Since 2005, when the bank moved its Nordic investment banking team from London to Stockholm, Deutsche Bank has had a strong presence in the Nordic region. The bank’s mergers and acquisitions (M&A) team came first in the Nordic region’s M&A league tables in April this year.

For further information, please call:

Deutsche Bank

Elaine Bartleet                        (44 20) 7545 4907
Press and media relations

Oonagh Baerveldt                   (44 20) 7547 1605
Press and media relations

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 73,114 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.


BACKGROUND NOTE: Deutsche Bank in Norway

Norway being an advanced, highly-developed economy that greatly benefits from its shipping industry, offshore oil and natural gas sectors among others, it is natural that Deutsche Bank is present locally in Oslo.

By establishing a Private Wealth Management presence through the new Branch in Oslo, Deutsche Bank will now be able to offer the full range of its banking services in Norway to private individuals, family offices and selected institutional clients.

The Bank has been present in Oslo since 1968 through a Representative Office of Schiffshypothekenbank zu Lübeck AG (SHL AG) focusing entirely on shipping activities. Under Tore Eikeland, Head of SHL Norway, the Representative Office for SHL AG will remain and function as previously in parallel to the new Branch Office for private wealth management.  

Øystein Nilsen, an experienced Norwegian relationship manager with in-depth knowledge of the local Ultra High Net Worth Individual market is assigned as the adviser to local investors. He will act as their gateway to the bank’s global range of private wealth management services and resources. The bank’s Hamburg office will be the booking center for Norwegian clients and further support the Oslo office regarding asset allocation and products.

Øystein Nilsen can also provide access to Deutsche Bank’s full corporate and investment banking product range. For instance, our clients benefit from Deutsche Bank’s leading position in international foreign exchange, fixed-income and equities trading.
Globally, Private Wealth Management operates from a truly global network serving 90,000 clients from 81 locations in 30 countries. In the Nordic region, Deutsche Bank has offices in Oslo, Stockholm and Helsinki. It has over 3,500 employees globally.