April 12, 2012

Deutsche Bank Private Wealth Management expands UK Ultra High Net Worth team with two senior appointments

Deutsche Bank Private Wealth Management (PWM) announced today that it is expanding its UK ultra high net worth (UHNW) team with the appointment of two new relationship managers. Steve Whiting, Managing Director, and Oliver Peck, Director, will manage a number of UHNW relationships and focus on further developing PWM’s lending services.

Whiting joins from HSBC Private Bank, where he was a Managing Director and Head of the UHNW Onshore business. Peck also joins from HSBC Private Bank, where he was an Associate Director within the UHNW Onshore business. Whiting and Peck will be based in London and will report to Chris Hocking, Head of the London UHNW team.

Tom Slocock, CEO of Deutsche Bank PWM UK, said: "London remains an important focus for PWM UK's growth strategy. I am delighted to welcome Steve and Oliver as we continue to strengthen the UK team.”

Juliet Wedderburn, Head of Deutsche Bank PWM London, said: “Steve and Oliver together bring more than 25 years of Private Banking experience to the team. Their appointments underline our solid commitment to addressing the complex needs of our wealthiest clients.”

Deutsche Bank PWM UK serves high net worth individuals and their families, financial intermediaries and select institutions. With offices in Birmingham, Edinburgh, Glasgow, London and Liverpool, it enables clients to access a global network of investment experts and bespoke lending solutions. Deutsche Bank PWM operates in more than 109 locations worldwide, advising clients in relation to more than €269 billion in assets under management.

For further information, please call:

Deutsche Bank AG                
Press & Media Relations

Alison Taylor                        
Phone: +44 (0) 20 7545 7790
E-Mail: alison.taylor@db.com

About Deutsche Bank

Deutsche Bank is a leading global investment bank with a substantial private clients franchise. Its businesses are mutually reinforcing. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With more than 100,000 employees in 72 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions, creating lasting value for its clients, shareholders, people and the communities in which it operates.


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