August 3, 2007

Deutsche Bank's Global Markets division appoints Eric Michelsen as Head of On-Line Flow Retail Products

Deutsche Bank today announced the appointment of Eric Michelsen as Head of On-Line Flow Retail Products. He will be based in London and will play an integral role in developing Deutsche Bank’s Global Markets multiproduct on-line flow retail distribution business. The role is effective immediately. 

Michelsen joins Deutsche Bank from Saxo Bank in Denmark where he was Vice-Chief Executive Officer. He joined Saxo in 2000 and prior to that he was CFO and MD of Damko A/S, a subsidiary of The East-European Trading House Ltd.

Michelsen will report to Rhomaios Ram, who was recently appointed as Global Head of eCommerce Sales within the Global Markets division.

Jim Turley, Global Head of the Institutional Client Group at Deutsche Bank said; “This appointment, along with recent initiatives such as the launch of dbFX, serve to underscore our commitment to on-line distribution.”

For further information, please call:

Deutsche Bank

Stacey Coglan  
(44 20) 7545 8226
Press and Media Relations

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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 75,140 employees in 75 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.