February 19, 2007

Deutsche Bank strengthens Foreign Exchange Management to reflect Franchise and Derivatives Focus

Deutsche Bank today announced a number of changes to its Global Foreign Exchange business aimed at strengthening the bank’s established leading position in foreign exchange. 

Deutsche Bank has appointed Jason Shell as Head of Global Corporate Foreign Exchange Sales and Neehal Shah as Global Head of Investor Foreign Exchange Sales. Shell was previously responsible for FX sales to both corporates and investors in Europe. Shah was previously Global Head of Foreign Exchange Options Trading.

Mark Carrodus will take up the position of Global Head of Foreign Exchange Spot and Options. He was previously responsible for the Foreign Exchange Spot and Forwards business. Deutsche Bank will run its FX forwards business regionally in order to align it more closely with the bank’s Global Finance business. David Nicholls and Joe Randazzo will take up responsibility for the FX Forwards businesses in Europe and the Americas respectively.

In Asia, Clifford Cheah will continue to manage foreign exchange and short-term interest rate trading.  Jai Rajpal takes up the position of Global Head of Asian Currency Trading.  Drew Bradford will be responsible for the Foreign Exchange Business in Japan.

Zar Amrolia, Global Head of Foreign Exchange said, “The quality and depth of our client franchise has never been stronger. This team, and our strong focus on clients, will ensure our continued leadership in risk management, eCommerce and product innovation.”

For further information, please call:

Deutsche Bank

Sarah Yates  (44 20) 7547 2603
Press and Media Relations

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 Euro 1,128 billion in assets and 68,849 employees in 73 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.