July 16, 2010

Deutsche Bank appoints Deputy Head of Global Banking, Russia and CIS

Deutsche Bank is pleased to announce the appointment of Daniel Jacobowitz, Managing Director, as Deputy Head of Global Banking, Russia and CIS, with immediate effect.

Daniel will be based in Moscow and together with Andrew Chulack, Head of Global Banking, Russia and CIS, will be responsible for deepening the Bank's relationships with priority corporate and financial institution clients.

In his new management role in Russia and CIS, Daniel will remain a core member of the Bank's European Financial Institutions Group and will continue to co-lead Deutsche Bank's Central and Eastern European financial services corporate finance practice.

Daniel joined Deutsche Bank’s Financial Institutions Group in 2002. Since 2007, he has led Russian and CIS financial institutions corporate finance coverage.

Daniel holds an MBA from Harvard Business School and a BA cum laude from Harvard College.

Igor Lojevsky, Chief Country Officer for Russia and CIS said: “Daniel's appointment strengthens our management team in Russia. He has helped to shape our growth strategy in Russia and was one of the architects of Deutsche Bank's acquisition of United Financial Group. He is an accomplished senior professional who has successfully built and led Deutsche Bank's financial services advisory practice in Russia, Central and Eastern Europe.”

Andrew Chulack, Head of Global Banking, Russia and CIS noted: “Daniel's broader responsibilities will enable Deutsche Bank to increase our intensity of client service across sectors in Russia and CIS. His extensive experience in the European and Russian financial sectors will support our clients achieve their objectives.”

For further information, please call:

Deutsche Bank

Dimitri Agishev
Head, Communications
Phone: +7 495 / 797 5026
E-Mail: Dimitri.Agishev@db.com

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 80,849 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 Ltd. (Deutsche Bank Russia) was established in April 1998. The Bank is a wholly-owned subsidiary of Deutsche Bank AG. Deutsche Bank has become one of the largest foreign banks in Russia. Deutsche Bank Russia 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.

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