October 28, 2008

Deutsche Securities Inc. establishes Japan Advisory Board

Deutsche Securities Inc. (DSI), today announced that it has established an advisory board in Japan (Advisory Board), comprised of six prominent external members with extensive experience in business, academic and government related fields.

The Advisory Board will focus on the strengthening and expansion of DSI’s corporate and investment banking business in Japan through its advice and counsel to the senior management of DSI’s CIB business. Additionally, it will play a key role in promoting Deutsche Bank’s European leadership in the areas of sustainability, corporate social responsibility (CSR) and corporate governance at a global level, by engaging a wider and proactive discussion of these issues in Japan.

The Advisory Board will be operated under the leadership of Mr. David Shrenzel, Head of Global Banking, Japan. Commenting on its formation, Mr. Shrenzel said, “I am very pleased to be able to welcome such esteemed figures from so many leading fields to form the DSI Japan Advisory Board. Each of the members brings significant experience, insight and personal networks that will prove to be a considerable asset in the development of DSI’s CSR efforts and related business opportunities in Japan and for our global franchise. The formation of the Advisory Board represents our deep commitment to the sustained growth of Japan’s financial and capital markets, and to our responsibility as a leading corporate citizen for the continued delivery of exceptional value to all of our Japanese stakeholders.”

Shunichi Maeda, who joined DSI in May 2008 as Managing Director and Vice Chairman of Global Banking, has played a key role in the establishment of the Advisory Board. While he continues to provide clients with a broad range of strategic solutions in the investment banking business, Mr. Maeda will also look to new business/projects in sustainability (climate change, clean energy and other relevant areas) in coordination with the Advisory Board and relevant business areas, and further grow DSI’s relationships with Japan’s leading corporations and financial institutions.

Membership of the DSI Japan Advisory Board comprises:

Hironori Aihara
The Chairman of the Board of Directors of TTI ellebeau, Inc. and Transcu Ltd., Mr. Hironori Aihara was formerly the President and Chief Executive Officer of Mitsubishi International Corporation in New York and Board Director and Senior Executive Vice President, Regional CEO for The Americas at Mitsubishi Corporation. Mr. Aihara began his career with Mitsubishi Corporation in 1962 after graduating from the Engineering Faculty of The University of Tokyo in the same year. He has held a number of government appointments related to the development of Japan’s space programme and its national security interests, together with board memberships at leading Japanese and global companies. He is also particularly active with a number of non-profit organisations in the promotion of Japan’s international relations.

Toru Hashimoto
Mr. Toru Hashimoto is a member of the Deutsche Bank Asia-Pacific Advisory Board and was most recently Chairman of Deutsche Securities Inc. from 2003 to 2008. After joining The Fuji Bank, Ltd. (now Mizuho Financial Group) in 1957, Mr. Hashimoto served in various positions with a particular focus on the bank’s international business and from 1984 to 1986 he served in Chicago as Executive Vice President at Heller International Corporation, then a subsidiary of Fuji Bank. Mr. Hashimoto was appointed President and Chief Executive Officer in 1991, and served as Chairman of the Board of Directors from June 1996. Mr. Hashimoto has also served on a number of industry and management organisations including the Japanese Bankers Association (Zenginkyo), the Institute of International Finance, Inc., the Japan Federation of Economic Organizations (Keidanren) the Japan Federation of Employers Associations (Nikkeiren) the Japan-U.S. Business Council, the Japan Economic Research Institute and the International Accounting Standards Committee Foundation.

Masahisa Naitoh
Mr. Masahisa Naitoh is a Director of the Japan Independent Directors Network and President of the Institute of Energy Economics, Japan. Mr. Naitoh joined the former Ministry of International Trade and Industry (since 2001, Ministry of Economy, Trade and Industry) in 1961 immediately following his graduation from The University of Tokyo, and rose to become Director-General for the ministry’s Industrial Policy Bureau in 1993. After his retirement from the ministry in 1994, Mr. Naitoh has since held a number of posts including as former Deputy Chairman of Itochu Corporation between 1998-2003 and as non-executive directorships at Yokogawa Electric Corporation, Nippon Koei Co., Ltd. and Espec Corporation.

Mieko Nishimizu
A Partner of the ThinkTank SophiaBank, Ms. Mieko Nishimizu spent the majority of her professional career at the World Bank, joining as an Economist on the Development Policy Staff in 1980. In 1988, Ms Nishimizu was appointed Chief of the Industry Trade and Finance Division in the Europe, Middle East and North Africa Regional Office from where she rose to become Director for Risk Management and Financial Policy in 1991, completing her career with The Word Bank as its Vice President for the South Asia Region between 1997-2003. Ms. Nishimizu gained her doctorate in Economics at The John Hopkins University in 1975 following which she was Assistant Professor of Economics and International Affairs at the Woodrow Wilson School of Public and International Affairs at Princeton University until 1980.

Takejiro Sueyoshi
Mr. Takejiro Sueyoshi was appointed Special Advisor to the United Nations Environment Programme Financial Initiative (UNEP FI) in the Asia Pacific region in July 2003, after 4 years as Deputy President at Nikko Asset Management. He spent the majority of his career with Mitsubishi UFJ Financial Group, joining The Mitsubishi Bank Ltd. from The University of Tokyo in April 1967, where he rose to become head of US sales in 1989, based in New York, before being appointed New York Branch Manager and member of the Board in 1994. In 1996 he was appointed President of Bank of Tokyo-Mitsubishi Trust Company, New York, a post he held until joining Nikko Asset Management Co., Ltd. in June 1998.

Heizo Takenaka
Mr. Heizo Takenaka is Professor for Economic Policy, Internet Policy, Media Policy at the Keio University Graduate School of Media Design and Director of the Keio University Global Security Research Institute, in addition to his role as Councillor at the Japan Center for Economic Research. Professor Takenaka began his career with the Japan Development Bank in 1973 and held a number of academic posts in the field of economics at the University of Pennsylvania, Harvard University and Osaka University, rising to become Professor of Policy Management at Keio University in 1996. Following roles advising former Japanese Prime Ministers Keizo Obuchi and Yoshiro Mori in 1998 and 2000 respectively, Professor Takenaka was appointed to the Cabinet of Prime Minister Junichiro Koizumi in 2001 as Minister of State for Economic and Fiscal Policy and for IT Policy. Professor Takenaka held a number of other portfolios in the Koizumi Cabinet including those for Financial Services, Economic and Fiscal Policy, IT Policy, Privatization of the Postal Services, and Internal Affairs and Communications until his retirement from political life in 2006.

For further information, please call:

Deutsche Securities Inc.

Seiko Adachi (81 3) 5156 7705
Aston Bridgman (81 3) 5156 7709
Communications, Region Japan

About Deutsche Bank Group

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 80,253 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.

In Japan, Deutsche Bank Group is engaged primarily in investment banking for corporate and institutional clients, corporate banking and asset management. The Group employs about 1,452 people.