January 18, 2008

Deutsche Bank has appointed Head of Private Wealth Management Team in Russia

Moscow, January, 18, 2008 – Deutsche Bank is pleased to announce the appointment of Vladimir Pakhomov as Head of Private Wealth Management (PWM) in Russia. Vladimir is based in Moscow and reports to Hannes Oelschlegel, Head PWM Deutsche Bank AG in Central/Eastern Europe & Turkey.

Vladimir Pakhomov has a significant experience in asset management services. Vladimir joined Deutsche Bank from Renaissance Investment Management (Moscow), where he was responsible for retail business development. Prior to Renaissance Investment management he headed Western Union’s offices in five countries, held Vice-president office responsible for credit cards business development in ZAO KB Citibank, took part in Megafon mobile operator’s start-up and development. Vladimir graduated from Moscow Aviation Institute (MAI) with a degree in System Analysis and holds a degree in Banking from Finance Academy under the Government of the Russian Federation.

Hannes Oelschlegel, Head PWM Central/Eastern Europe & Turkey, commented: “We are proud that our private wealth management operations in Russia are expanding with the growth of the local financial markets. Vladimir’s wealth of experience and reputation for client focus combined with Deutsche Bank’s global platform will allow us to build up on Deutsche’s strong positions and competitive advantage and to achieve our ambitious goals in the region.”

For further information, please call:

Deutsche Bank
Olga Podoinitsyna
+7 (495) 797 5303

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 77,920 employees in 75 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 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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