June 8, 2005

Deutsche Bank strengthens Telecoms Banking Practice

Deutsche Bank today announced the appointment of Philipp Meier-Scherling as Director within its European Telecom Investment Banking team, reporting to Carl Tack, European Head of Telecom Investment Banking.  Meier-Scherling, who will be based in London, will have a senior telecom origination and advisory role in Europe.

Meier-Scherling joins from Credit Suisse First Boston (CSFB), where he has spent the last seven years, most recently as a Director within their European Telecom and Media corporate finance division. He previously spent two years at Salomon Smith Barney focusing predominantly on M&A.

Commenting on the appointment, Carl Tack, European Head of Telecom Investment Banking said; "Philipp is extremely well regarded in the market by a broad range of clients from large incumbent telcos to the major private equity firms. He is a consummate professional and will be a very valuable addition to our team."

"Philipp's addition to the team demonstrates our continuing commitment to the Telecoms industry and enhances our ability to meet the demands of our clients in providing superior corporate finance and advisory services." said David Fass, European Head of Global Banking.

For further information, please call:

Deutsche Bank

Joanna McCulloch  
(+44 20) 7545 6941
Press & Media Relations

About Deutsche Bank

With Euro 901 billion in assets and 64,500 employees, Deutsche Bank offers unparalleled financial services in 74 countries throughout the world. Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

Deutsche Bank ranks among the global leaders in corporate banking and securities, transaction banking, asset management, and private wealth management, and has a significant private and business banking franchise in Germany and other selected countries in Continental Europe.