July 25, 2006

Scott Perkins assumes sole Head of Global Banking, Hamish Douglass to become Senior Adviser

Scott Perkins is to assume sole leadership of Deutsche Bank's Global Banking activities in Australia and New Zealand. Hamish Douglass, currently Co Head of Global Banking in Australia and New Zealand will become a Senior Adviser to Deutsche Bank. This new appointment reflects Hamish's retirement from day to day management of Global Banking in order to pursue a new business initiative in the funds management industry.

Clive Smith, Chairman of Deutsche Bank Australia and New Zealand said "I am pleased to announce that Scott has accepted the sole responsibility of leading our Global Banking activities in Australia & New Zealand and that Hamish will continue with us as a Senior Advisor. We very much look forward to an on-going relationship with him in his new role."
Chum Darvall, Chief Executive of Deutsche Bank noted, "Our Global Banking business has been transformed over the last 4 years. We have a great team of people focussed on client relationships that have never been stronger. Under Scott's ongoing leadership we will continue to expand our banking franchise including through the growth of our investment banking relationship with Wilson HTM."

Clive Smith commenting on the activity likely in the second half of the year, said "Our pipeline is exceptional. We are expecting a very strong second half across the board. We are growing our business in several areas of competitive advantage and the Deutsche Bank platform in Australia and New Zealand has never been in better shape."

For further information, please call

Kate Abrahams, Communications  
+ 612 8258 2416

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 Euro 1,035 billion in assets and 64,103 employees, Deutsche Bank offers unparalleled financial services in 73 countries 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.