January 29, 2010

Deutsche Bank strengthens its Moscow team

Moscow, January 29, 2010. Deutsche Bank announced important changes to the Domestic Custody Services (DCS). Maria Ivanova, Dmitry Ishutin and Nicholas Cheremeteff will lead this business in Russia.

Moscow, January 29 , 2010. Deutsche Bank announced important changes to the Domestic Custody Services (DCS).

Maria Ivanova, Dmitry Ishutin and Nicholas Cheremeteff will lead this business in Russia.

Maria Ivanova has joined DCS Russia as Head of Domestic Custody Services (DCS) and will report to Michael Aschauer, Head of DCS Austria & Eastern Europe. Maria Ivanova has held Client Management roles at Fortis Bank, Belgium and Clearstream Banking, Luxembourg and most recently worked at the National Depository Center (NDC) in Moscow, where she was responsible for the promotion of NDC’s services in international markets and the development of the NDC’s custody and settlement services. Overall, Maria has 14 years of international securities market experience.

Dmitry Ishutin has joined DCS Russia as Head of Product Management, responsible for furthering DCS products in Russia. Dmitry has 6 years of securities market experience having previously worked at ING Bank in Moscow where he occupied the position of Head Product Development, Deputy Head Securities Services. Prior to ING, Dmitry worked at Citibank in its Retail Banking division.

Nicholas Cheremeteff has joined the team as Head of Client Management. Nicholas will be responsible for developing DCS Russia’s cross border client base within the overall global DCS strategy and client coverage architecture. Nicholas has over eight years of Client Management and Business Management experience at Deutsche Bank having been previously based in New York, London and Moscow. Both Dmitry and Nicholas will report to Maria.

Joerg Bongartz, Chairman of the Board, Deutsche Bank Ltd., comments “We are very pleased with the acquisition of these top recruitments to the DCS Russia franchise. This further underpins Deutsche Bank drive to expand DCS and the Global Transaction Bank in not only Russia but also emerging markets in general. Head of DCS Austria & Eastern Europe, Michael Aschauer, comments “This development is a strong indication of the importance of the Russian market as part of the overall DCS global franchise.”

For further information please contact:

Deutsche Bank

Dimitri Agishev

Head, Communications

Tel.: (+7) 495 797 5026

E-Mail: dimitri.agishev@db.com

Deutsche Bank in Russia

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 78,530 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.

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