March 4, 2008

Deutsche Bank relocates Global Head of Equity Trading to Asia – also appointed Head of Equities, Asia

Deutsche Bank today announced that Noreddine Sebti, Global Head of Equity Trading, will relocate to Hong Kong from New York to assume regional responsibility for the equities business in Asia. He takes over from Colin Fan, who as announced earlier, will move to London to become Co-Head of Global Credit Trading.

Mr. Sebti will report to Loh Boon-Chye, Head of Global Markets Asia, and continue to report to Yassine Bouhara, Global Head of Equities at Deutsche Bank, for his role as Global Head of Equity Trading.

As Head of Equities Asia, Mr. Sebti will take over regional responsibility in Asia for managing the full range of Deutsche Bank’s customer-facing equity businesses, including cash equities, derivatives capabilities such as synthetic access to local markets, exotics and flow, illiquid equity derivatives trading and financing.

Yassine Bouhara said: ”Locating a global business head in Asia clearly demonstrates the changing polarity of global equity markets and the growing importance of the region for clients and our business globally.”

Loh Boon-Chye said, “The growth in our regional equities business has been spectacular in recent years. Deepening global connectivity is vital as Asian markets have become larger, more sophisticated and present compelling opportunities.”

Deutsche Bank’s equity platform was recently awarded Best Equity Derivatives House 2007 by IFR Asia. Deutsche Bank was also ranked number one for equity derivatives in Asia Risk’s 2007 end-user survey, while Asiamoney ranked Deutsche’s equity sales trading team as the best in Asia ex-Japan for 2007.

Mr. Sebti joined Deutsche Bank in 1998 where he has held several senior roles in London and New York. He started his career at Credit Suisse in Geneva, Switzerland, in 1989, and in 1993 joined Transoptions, a market-making firm, first in Lausanne, Switzerland, and later on in Munich, Germany. Mr. Sebti holds an Economics degree from L’école des Hautes Etudes Commerciales, Geneva.

For further information, please contact:

Michael West                
(852) 2203 8403

Renee Calabro          
(1 212) 2505525

Stacey Coglan          
(44 20) 75458226

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 78,291 employees in 76 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.