February 23, 2006

Tito Vidaurri named Country Manager of Deutsche Bank Mexico

Deutsche Bank announced today that Tito Vidaurri will join the firm as Managing Director and Country Manager for Deutsche Bank Mexico effective May 15. Vidaurri is based in Mexico City, and will report to Seth Waugh, CEO for Deutsche Bank in the Americas, and Pablo Calderini, Global Head of Emerging Markets.

Vidaurri will join the firm from Morgan Stanley where he was most recently Head of Northern Latin American Investment Banking and Head of the Mexico City office. During his 12-year career at Morgan Stanley, he played a key role in establishing Morgan Stanley's local operations in Mexico and in securing many of the firm's landmark transactions in the region.  He was also a senior coverage officer for government entities and private companies for other countries in Northern Latin America. Prior to that, he worked at The First Boston Corporation as a Mexico Coverage Officer. He began his career in finance in 1984 in the Department of Financial Planning in Mexico's Ministry of Finance. 

"We have significantly strengthened our presence in Mexico over the past six years and have evolved into a key player in the local market," said Waugh.  "Tito is an outstanding leader who has a unique understanding of the dynamics that are driving this market and is perfectly suited to guide our business to the next level of success."

"Having strong on-the-ground capabilities in an important market like Mexico is key to the strength of our global emerging markets franchise," said Calderini. "Tito's career experience in Mexico, knowledge of the region and his strong skill set across all banking products will be a great asset to our global team."

Deutsche Bank has had a presence in Mexico since 1957.  In 1995, Deutsche Bank obtained its license to operate a Casa de Bolsa (Broker Dealer).  In 2000 Deutsche Bank applied for and obtained a local banking license and Deutsche Bank Mexico, S.A. - Institucion de Banca Multiple began operations.  Deutsche Bank Mexico currently has 53 employees in Mexico City.

Vidaurri has a BA in Economics from the Universidad de las Americas, Puebla, Mexico; an MA in Economics from the Yale University Graduate School; and a Master's Degree in Public and Private Management from the Yale School of Management.


For further information, please call:

Michele Allison 001-212-250-4864
Media Relations

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