June 19, 2006

Deutsche Bank strengthens European Insurance and Pensions Group

Deutsche Bank today announced two new appointments to its European Insurance and Pensions Group. Paul Stanworth has been appointed as a Managing Director in Origination and Norman Peard has been appointed a Director. Both roles will be based in London.

Stanworth's focus will be on origination for the European Insurance and Pensions Group. He brings portfolio management skills which are of great importance given the emphasis life offices are currently placing on yield pick-up in addition to risk mitigation. As a qualified actuary with global markets experience Paul also brings additional experience in respect of financial risk management.

Prior to joining Deutsche Bank, Stanworth spent eight years with the Royal Bank of Scotland, most recently as Head of Insurance ALM. Before this, Stanworth held a dual role at Prudential M&G; manager of the credit function and client manager for internal annuity funds reporting to the Head of Fixed Income.

Peard joins Deutsche Bank from the Financial Services Authority where he has been employed for the last two-and-a-half years as an actuary in the Insurance Technical Risk and Risk Review and Mitigation/Securitisation Policy teams. Prior to this he was a senior structurer at Swiss Re for six years where he delivered innovative capital solutions to clients.

Within the European Insurance and Pensions Group, Peard brings with him specialist skills in relation to the regulatory requirements for insurance companies. These will augment the team's skills in analysing and delivering solutions to insurance clients, particularly where there are regulatory implications and where innovative capital solutions are required.

Rashid Zuberi, Managing Director and Head of the European Insurance and Pensions Group commented: "We are extremely pleased that Paul and Norman are joining Deutsche Bank. These appointments further strengthen our leadership position in providing solutions to our clients in the Life and Pensions space."


For further information, please call:

Deutsche Bank

Louise Pancott  (44 20) 7545 7790
Press and Media Relations


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 Euro 1,035 billion in assets and 64,103 employees, Deutsche Bank offers unparalleled financial services in 73 countries 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.