October 24, 2007

New appointments strengthen Deutsche Bank's Inflation Trading & Structuring Business

Deutsche Bank announces the appointment of Brice Benaben as a Managing Director and Global Head of Inflation, Daragh McDevitt as a Director and Head of Inflation Structuring and Paul Canty as a Director, responsible for Complex Inflation products. The team will report to Michele Foresti, Global Head of Structured Rates Trading.    

Prior to joining Deutsche Bank, Brice was a Managing Director in inflation trading at Citigroup. With over eight years experience in the inflation business, he has been involved in the development of a variety of innovative products and high profile transactions for institutional and corporate clients.

Joining from ABN AMRO, Daragh McDevitt and Paul Canty have been instrumental in building the ABN AMRO inflation franchise.

Commenting on the appointments Michele Faissola, Global Head of Rates said: "We are delighted to add inflation experts of this stature and with such exceptional track records to our inflation team. As the market for inflation products continues its rapid growth, the expansion of our inflation capabilities and franchise remain key priorities for Deutsche Bank.  Appointments such as these combined with our existing global inflation platform ensures that we are well placed to service the inflation requirements of our global client base."

For further information, please call

Deutsche Bank

Sarah Yates +44 207 5472603
Press and media relations


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 75,140 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.