April 6, 2010

Deutsche Bank’s Asset Management business launches Private Equity Fund of Funds unit

Following the closing of the Sal. Oppenheim Group acquisition, Deutsche Bank is establishing a new private equity fund of funds business within its Asset Management division. The bank will combine the following three existing businesses under the new group entitled, DB Private Equity: the Private Equity Group of Deutsche Bank Private Wealth Management, the Secondaries Private Equity Team of RREEF and Sal. Oppenheim Private Equity Partners (SOPEP).

Chris Minter, a Managing Director has been named Global Head of DB Private Equity reporting to Kevin Parker, Global Head of Deutsche Asset Management division and a member of Deutsche Bank’s Group Executive Committee. Rolf Wickenkamp, until recently a partner at SOPEP has been appointed Vice Chairman of DB Private Equity. The new group manages approximately EUR 6 billion of private equity fund of fund client assets.

For further information, please call:

Deutsche Bank AG    
Press and Media Relations

New York
Mayura Hooper
Phone: +1 212 250 5536
E-Mail: mayura.hooper@db.com

Klaus Winker    
Phone: +49 (0) 69 / 910 32249  
E-Mail: klaus.winker@db.com  


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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 77,053 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 for demanding clients creating exceptional value for its shareholders and people.



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