November 8, 2006

Stuart Lewis appointed Chief Credit Officer, Sean Kavanagh to Head Loan Exposure Management Group

Stuart Lewis, currently the Global Head of the Loan Exposure Management Group (LEMG), will transfer to join Risk & Capital Management as Chief Credit Officer and Deputy Chief Risk Officer, with effect from 1 December 2006.  

“Over the past few years Stuart has helped to build LEMG into a world class, award winning team. I am delighted that he has taken up the position of Chief Credit Officer and that we can now utilize his wealth of experience and expertise from derivatives, investment banking and loan portfolio management,” said Hugo Banziger, Chief Risk Officer.

Stuart joined LEMG as Head of Europe in 2003 and ran the group globally from June 2005.  Prior to his job in LEMG, Stuart was Deputy Chief Risk Officer (Credit) for Corporate and Investment Banking.

He will be succeeded as Global head of LEMG by Sean Kavanagh, currently Head of LEMG Americas and Deputy Head of LEMG. Sean joined Deutsche Bank in 2001 and has worked in LEMG since its inception. He will report jointly to Bruce Rigal, COO Global Banking, and Mark Ferron, COO Global Markets.

For further information contact

Richard Thomson      +44 020 7545 6941
Global Banking Press & Media Relations            

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 1,097 billion in assets and 67,474 employees in 73 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.