November 27, 2008

Deutsche Bank Switzerland is enhancing its services for high-net-worth individuals

New Representative Office in St. Moritz opening to complement offices in Zurich, Geneva and Lugano – Hanspeter Danuser to join Deutsche Bank Switzerland with immediate effect

Deutsche Bank (Switzerland) Ltd is enhancing its private wealth management activities in Switzerland for high-net-worth individuals by opening a new Representative Office in St. Moritz in January 2009 to complement offices in Zurich, Geneva and Lugano. Hanspeter Danuser also joins Deutsche Bank (Switzerland) Ltd with immediate effect, bringing to the bank more than 30 years’ experience as a tourism and marketing specialist on the St. Moritz region.

Hans-Jürgen Koch, CEO Deutsche Bank (Switzerland) Ltd, today welcomed Danuser to Deutsche Bank in Switzerland. “Mr Danuser is a real Swiss perennial. He knows the St. Moritz region like the back of his hand and also has an excellent international network, which is unequalled both here in Switzerland and also internationally. We are delighted and naturally proud that Mr Danuser will be helping us establish Deutsche Bank in St. Moritz as a first-class brand for high-net-worth individuals,” said Koch at a press conference in Zurich.

Hanspeter Danuser added: “I have long admired Deutsche Bank's position as one of the world's leading financial services provider for demanding clients. Besides being a true global brand, Deutsche Bank is also an attractive employer here in Switzerland. The bank and I share common values such as commitment, openness to innovation and open-mindedness. I am very much looking forward to the new, exciting and challenging task that lies ahead. I will use all my experience, contacts and expertise to support the bank.”

Danuser will primarily assist Deutsche Bank in St. Moritz by trying to bring together potential clients with the bank’s advisors. His expertise in location management, marketing and communications will be particularly helpful in this regard. Deutsche Bank will have operational responsibility for the Representative Office in St. Moritz. “The fact that we are expanding our wealth management to include a tourist centre such as St. Moritz is also the result of our continuous growth in Switzerland,” continued Koch.

For 28 years, the bank has been successfully serving high-net-worth individuals in Switzerland and Europe, the Middle East as well as Latin America and Asia from its offices in Geneva, Zurich and Lugano. Since 2003 it has also been managing Swiss private clients through Zurich-based private bank Rüd, Blass & Cie AG Bankgeschäft, a wholly owned subsidiary of Deutsche Bank (Switzerland) Ltd.

In addition to Private Wealth Management, Deutsche Bank in Switzerland offers the full range of services of an international corporate and investment bank. Deutsche Bank AG has a branch in Zurich that manages Swiss corporate and institutional clients. Deutsche Asset Management Schweiz is responsible for institutional asset management and DWS Schweiz GmbH for investment fund business. Both compa-nies are also based in Zurich.

The bank employs around 1,000 staff in Switzerland, of whom 765 specialise in managing high-net-worth individuals. Deutsche Bank (Switzerland) Ltd and Rüd, Blass & Cie AG currently manage client assets of EUR 35 billion (CHF 55.2 billion). Over the past ten years, client assets have grown by 9% on average annually. Koch added: “Today we are one of the largest foreign banks in Switzerland and want to continue growing. Our investment policy has a carefully targeted international focus. Our Swiss private clients benefit from Deutsche Bank’s worldwide presence on all major capital markets.”

Globally Deutsche Bank’s Private Wealth Management unit looks after more than 91,000 high-net-worth individuals in 89 locations in 31 countries, and is one of the leading global asset managers with assets under management of € 191 billion.

Additional information is available at:

Deutsche Bank
Dr. Klaus Winker
Phone: +49 69 910 32249

Deutsche Bank (Switzerland) Ltd.
Alberto Klaas
Phone: +41 22 739 0488


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 81,308 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.

About Deutsche Bank (Schweiz) AG

Deutsche Bank (Switzerland) Ltd, with offices in Geneva, Zurich, Lugano and now St. Moritz, is a subsidiary of Deutsche Bank AG and specialises in asset advisory and private wealth management services for sophisticated international clients.