April 29, 2009

Timothy Fischer to join Deutsche Bank's high yield trading desk in New York

Deutsche Bank Further Strengthens its Credit Flow Trading Platform

Deutsche Bank today announced that Timothy Fischer will join the bank as a Managing Director in Global Credit Trading within its Global Markets division. Fischer will be based in New York and trade high yield bonds and credit derivatives. He will report to Nick Pappas and Ray Costa, Co-Heads of Investment Grade, High Yield and Distressed Debt Trading for the US.

Fischer will join the bank from Barclays PLC, which acquired Lehman Brothers’ North American Investment Banking, Sales and Trading divisions in September 2008. At Lehman Brothers, Fischer was Co-Head of High Yield Trading for North America. Prior to that, he traded high yield debt at CIBC and Scotia Capital.
“Tim’s hire reiterates our commitment to providing world-class flow trading capabilities in credit. He is considered one of the top-ranked high yield traders on the Street and we look forward to working with him,” said Pappas.

In March, Deutsche Bank also announced the hires of Masaya Okoshi and Sean George, both Managing Directors in Credit Flow Trading.

For further information, please call:

Michele Allison                   +1 212-250-4864
Media Relations, Deutsche Bank

Renee Calabro                    +1 212-250-5525
Media Relations, Deutsche Bank

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 80,277 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.

Deutsche Bank Securities Inc., member NYSE, FINRA and SIPC, is the investment banking and securities arm of Deutsche Bank AG in the United States.