April 13, 2006

Deutsche Bank appoints Mikhail Yudin as chief operating officer of Deutsche Bank in Russia

Deutsche Bank announced that Mikhail Yudin has been appointed Chief Operating Officer (COO) of Deutsche Bank in Russia reporting to Frank Krings, Chief Operating Officer Europe, Deutsche Bank and Charles Ryan, CCO and CEO, Deutsche Bank Group, Russia. Mikhail Yudin will also continue his work as General Director, ZAO “UFG”.

Mikhail Yudin joins Deutsche Bank’s Regional Management, which is responsible for corporate governance, strategy, market positioning, human resources management and performance management of the Bank.

Mikhail joins Deutsche Bank from UFG where he served as General Director and COO from 2002. He began his career in UFG in 1995 and for more than a decade oversaw the development of UFG from a small boutique in a full-service investment company. Under his leadership, the Company developed an innovative business support infrastructure. Prior to his appointment as COO, Mikhail established the Company’s Operations department and as Head of Operations was responsible for its daily management.

From 1997 to 1998 Mikhail Yudin was a member of the Board of Directors of the RTS and was elected to the Board of Directors of the Depository Clearing Company in 2000. Prior to joining UFG, Mr. Yudin was a management consultant for Deloitte & Touche Moscow, where he worked on projects for the creation of settlement and clearing organizations for the Russian securities market.

“I am delighted to announce Mikhail’s appointment as COO of Deutsche Bank in Russia,” said Charles Ryan, CCO and CEO of Deutsche Bank Group in Russia. “He played an invaluable and pivotal role in the development of UFG, and I have every confidence in his ability to spearhead the integration process of Deutsche Bank and UFG. He brings outstanding management ability, long experience in the Russian market and excellent leadership qualities to Deutsche Bank’s team.”

Mikhail Yudin graduated from the Moscow State Institute of International Relations (MGIMO) in 1994 with a degree in International Economic Relations and English.

For further information, please call:

Deutsche Bank
Olga Podoinitsyna, Communications and Marketing
Tel: (+7 495) 797 5303

About Deutsche Bank
With Euro 992 billion in assets and 63,427 employees, Deutsche Bank offers unparalleled financial services in 73 countries throughout the world. Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people. Deutsche Bank ranks among the global leaders in corporate banking and securities, transaction banking, asset management, and private wealth management, and has a significant private and business banking franchise in Germany and other selected countries in Continental Europe.

Deutsche Bank Ltd. (Deutsche Bank Moscow) was established in April 1998. The Bank is a wholly-owned subsidiary of Deutsche Bank AG. Deutsche Bank Moscow has become one of the largest foreign banks in Russia. Deutsche Bank Moscow provides local and international, corporate and private clients with a broad range of financial services, comprising corporate finance and advisory, sales, trading, transaction banking as well as private wealth management and asset management services. The bank includes the largest Russian and multinational companies among its client base.
Deutsche Bank in Russia


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