June 20, 2008

Malcolm D. Knight to join Deutsche Bank as Vice Chairman

CEO of Bank for International Settlements to serve in key financial sector role

Deutsche Bank today announced the appointment of Malcolm D. Knight as a Vice Chairman, reporting to Josef Ackermann, Chairman of the Management Board and the Group Executive Committee. The appointment will become effective on 6 October 2008.

Mr. Knight, 64, who has been General Manager and Chief Executive Officer of the Bank for International Settlements (BIS) since 2003, announced his departure from the BIS earlier today.

Working closely with the bank’s regulatory affairs group, Mr. Knight, a Canadian citizen, whose role will be non-executive, will oversee the firm’s relationships and interaction with global regulators and central banks on behalf of the Management Board. Mr. Knight, who will be based in New York, will spend substantial time in Berlin, Brussels, London and Washington.

Commenting on the appointment, Mr. Ackermann said: "I am very pleased that Malcolm is joining Deutsche Bank. He brings a wealth of experience in international finance that is particularly valuable in these challenging times for our industry."

From 1999 to 2003 Mr. Knight was Senior Deputy Governor of the Bank of Canada. He was the Bank’s chief operating officer and a member of its Board of Directors. From 1975 to 1999 he was with the International Monetary Fund, where he held senior positions in both research and operations. While at the IMF, Mr. Knight was also an adjunct professor at the Johns Hopkins University School of Advanced International Studies. Prior to joining the IMF, he served on the economics faculties of the London School of Economics and Political Science and the University of Toronto.

For further information, please call:

Deutsche Bank Press and Media Relations

Ronald Weichert (Frankfurt am Main)  +49 69 910 38664
Michael Golden (London)    +44 207 545 6469

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 78,275 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.