March 18, 2010

Michael Durr to join Deutsche Bank as Global Head of Central Bank Sales

Deutsche Bank today announced Michael Durr will join as a Managing Director and Global Head of Central Bank Sales within the bank’s rates division. Durr will focus on managing relationships with central banks across the world and will report to Haroon Sana, Global Head of Rates Sales.

“Deutsche Bank’s ability to structure, execute and risk manage large transactions makes us the natural choice for many of the world’s leading financial institutions and corporates,” said Michele Faissola, Head of Global Rates and Global Commodities. “Adding Michael to the team will improve our ability to service our central bank client base across different regions and therefore significantly enhance our sales offering.”

Durr will join the bank from Morgan Stanley where he was Global Head of Multi-Product Sales to Central Banks. He will be based in London and is set to join the bank mid-year.

Deutsche Bank’s leading Global Rates business frequently ranks best-in-class for its provision of fixed income and OTC derivative products and services. It recently won International Financing Review's Derivatives House and Interest Rate Derivatives House of the Year 2009 awards.

For further information, please call:

Deutsche Bank AG                                

Michelle Gathercole                                
Phone: +44 20 7545 4249        

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 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.