July 10, 2008

Deutsche Bank wins Euromoney's Top Cash Management Award for North America

Deutsche Bank announced today that it has been awarded Best at Cash Management – North America, one of the 21 Euromoney 2008 Awards for Excellence that were bestowed upon the Bank.

Simon Brady, Managing Director of Euromoney, said, “Deutsche Bank has made impressive progress in North America in terms of the breadth of their offering to corporates as well as financial institutions.”

Dinkar Jetley, Head of Trust & Securities Services and Cash Management for Financial
Institutions, Global Transaction Banking, Deutsche Bank, said, “Winning Euromoney’s Best at Cash Management award in North America demonstrates the strength of Deutsche Bank’s US dollar client franchise and capabilities. Our delivery network and commitment to continued investment have made us a preferred provider in North America and around the world. Clients are choosing Deutsche Bank for its global reach and platforms as well as its differentiated local products and services. In addition, Deutsche Bank distinguishes itself as the only global clearing provider with top positions in the world’s three major currencies.”

Marilyn Spearing, Head of Trade Finance and Cash Management for Corporates, Global
Transaction Banking, Deutsche Bank, said, “Our being chosen as ‘Best at Cash Management – North America’ reflects the Bank’s achievement in this key market and the significant number of mandates won. Our global positioning, commitment to best in class service as well as our intensified investment in our treasury sales presence in North America have allowed us to succeed in today’s competitive marketplace. In North America and globally, we will continue to strategically extend our market reach so that we can uphold our leading position worldwide.”

For further information, please contact:

Scott Helfman +1 212 250 5602
John Gallagher +1 212 250 4516
Oonagh Baerveldt +44 (0) 207 547 1605

Media Relations, Deutsche Bank

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 78,291 employees in 76 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.

Global Transaction Banking - Cash Management is a recognized leader in cash management services and provides state-of-the-art solutions to diverse customer segments. Embedded into Deutsche Bank’s worldwide network, it has the geographic spread to support domestic, regional and global cash management programs, leveraging a complete product suite: Channel Management, Global Payments, Check Services, Liquidity Management, Information & Reporting Services as well as Financial Supply Chain Management.