29.06.2006 10:05:00

Deutsche Bank Appoints Marilyn H. Spearing as Global Head of Trade Finance and Cash Management Corporates

Deutsche Bank (NYSE:DB) (GER:DBK) (LSE:DBK) todayannounced that Marilyn H. Spearing has been appointed as the GlobalHead of Trade Finance and Cash Management Corporates for its GlobalTransaction Banking (GTB) area, effective August 15, 2006. GTB coversDeutsche Bank's cash management, trade finance and trust & securitiesservices including domestic custody.

Marilyn Spearing has over 25 years of experience in the bankingindustry. Most recently, she served as Global Head of Sales for HSBC'sGTB franchise following her 10-year tenure as HSBC's Global Head ofPayments and Cash Management. Prior to that, Marilyn Spearing heldsenior positions with Barclays Global Services Division and Barclaysde Zoete Wedd in New York. In addition, she currently serves on theBoard of SWIFT.

Werner Steinmueller, Head of GTB, Deutsche Bank said: "DeutscheBank's transaction banking business is showing a solid performance inboth revenues and profitability. It is a strategic business within theBank in which we are continuously investing to cement our globalleadership. Marilyn Spearing is a recognized industry expert with thedeep-rooted knowledge and experience that will allow us to strengthenour cash and trade penetration in each of the three regions where weoperate: Europe, the Americas and Asia."

Working out of London and Frankfurt, Marilyn Spearing will reportto Werner Steinmueller.

About Deutsche Bank

Deutsche Bank is a leading global investment bank with a strongand profitable private client franchise. A leader in Germany andEurope, the bank is continuously growing in North America, Asia andkey emerging markets. With Euro 1,035 billion in assets and 64,103employees, Deutsche Bank offers unparalleled financial services in 73countries throughout the world. The bank competes to be the leadingglobal provider of financial solutions for demanding clients creatingexceptional value for its shareholders and people.

www.db.com

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