March 25, 2010

John Utendahl joins Deutsche Bank Americas as Vice Chairman

Deutsche Bank today announced that John Utendahl has joined the firm as a Vice Chairman of Deutsche Bank Americas Holding Corp. In his new role, Utendahl will focus primarily on cultivating and enhancing major strategic client relationships for the firm. He will be based in New York as part of the Office of the CEO of Deutsche Bank Americas, Seth Waugh. He also will join the senior client team headed by Donna Milrod, Managing Director and Head of Strategy and Oversight.

Utendahl has nearly 30 years of experience on Wall Street, and for the past 18 years he has been Chairman of the Utendahl organization, beginning in 1992 when he founded Utendahl Capital Partners, L.P. (UCP). UCP became the foundation for the Utendahl organization’s five financial affiliates, which provided corporate clients with the first comprehensive suite of investment banking and investment services offered by a minority-operated business. Utendahl started his career at Salomon Brothers in 1982 as a corporate bond trader and later became a trading desk manager in Merrill Lynch's corporate bond department.

“John is a trailblazing entrepreneur who has earned the trust of countless clients across corporate America, so we are extremely pleased to welcome him to Deutsche Bank,” said Seth Waugh, CEO of Deutsche Bank Americas and a member of the bank’s Group Executive Committee.

"John has an incredible network of relationships with key institutions and clients, and his ability to systematically develop business and bring banking and investment solutions to these institutions through these contacts is truly impressive," said Keith Sherin, CFO and Vice Chairman of General Electric. "His depth of financial product experience across many asset classes has led to GE successfully investing with John.  We have used his products and services for many years and we look forward to continuing that association going forward."

“John’s unparalleled network of senior-level corporate relationships and his extensive experience across products and markets will be an asset to Deutsche Bank and its clients,” said Milrod. “Throughout his career, John also has been a champion for diversity on Wall Street, and we will work together to increase the presence and prominence of minorities in the financial industry.”

Utendahl earned an MBA in Finance from Columbia University's Graduate School of Business and a bachelor’s degree in business from Long Island University.

For further information, please call:

Deutsche Bank AG
Ted Meyer
Phone: +1 (212) 250-7253

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 77,053 employees in 72 countries, Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

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