July 1, 2008

Deutsche Bank Russia opens St. Petersburg Office

Deutsche Bank Russia announced today the opening of a representative office in St. Petersburg. The office will provide client support on Private Wealth Management and Global Transaction Banking. It will be Deutsche Bank's second office in Russia after Moscow where Deutsche Bank has been operating since 1998. Moscow now has 1,000 people working across all product groups.

The office will be located at Yakubovicha Street, 24. Senior Relationship Officer for Global Transaction Banking will be Andrey Golubkov, Head of the Private Wealth Management office will be Ulyana Ivanova.

Commenting on the opening, Joerg Bongartz, Chief Executive Officer of Deutsche Bank Ltd. said, “Growing the global transaction banking and private wealth management segment of Deutsche Bank’s business in Russia by adding St Petersburg’s office demonstrates our dedication to the Russian market. We’ll ensure that our clients in Nothern-West Region benefit from local expertise and our commitment to exceptional customer service.”

Hans-Juergen-A Koch, Managing Director, Head of Private Wealth Management International, added, “Russia is becoming an increasingly important part of our global business and we are delighted to have a presence in Russia’s northern capital. Its growing role as a major business centre, hosting the headquarters of some of Russia’s and international largest companies, shows the clear demand for world-class financial services on the ground.” 

For further information please contact:

Deutsche Bank

Dimitri Agishev  +7 495 797-5026
Press and media relations

Anna Smirnova   +7 495 775-0077
The PBN Company   

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 78,275 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.

Deutsche Bank Ltd. (Deutsche Bank Russia) was established in April 1998. The Bank is a wholly-owned subsidiary of Deutsche Bank AG. Deutsche Bank has become one of the largest foreign banks in Russia. Deutsche Bank Russia provides local and international, corporate and private clients with a broad range of financial services, comprising corporate finance and advisory, sales, trading, transaction banking as well as private wealth management and asset management services. The bank includes the largest Russian and multinational companies among its client base.