| March 17, 2009 At its meeting today, the Supervisory Board of Deutsche Bank appointed the following executives to the Management Board with effect from 1 April 2009: Michael Cohrs, Head of Global Banking, Jürgen Fitschen, Global Head of Regional Management, Anshu Jain, Head of Global Markets, and Rainer Neske, Head of Private & Business Clients. They will continue to sit on the Group Executive Committee (GEC). “These appointments reflect the strength and depth of Deutsche Bank’s leadership pool. They reinforce our senior management team with business and regional expertise. Together with the current Board members, they position us very well for the future," said Clemens Börsig, Supervisory Board Chairman, speaking on behalf of the Supervisory Board of Deutsche Bank. Josef Ackermann, Chairman of the Management Board and of the GEC, said: “I congratulate our newly-appointed Board members, with whom I have enjoyed many years of trusted and successful teamwork. Together with my Board colleagues I warmly welcome them to the Management Board." Also with effect from 1 April 2009, Werner Steinmüller, Head of Global Transaction Banking and Seth Waugh, Regional CEO Americas will be appointed as new members of the GEC. A further appointment will be announced in due course. Ackermann added: “These appointments reflect the bank’s globalisation and the growth of the Global Transaction Banking Division. They also demonstrate the great significance that the GEC will continue to have in the future management of the bank and underline the unchanged importance of the business divisions not directly represented on the Management Board. We will continue to reinforce and invest in all of our core businesses – Global Markets, Global Banking including Global Transaction Banking, Private & Business Clients, Private Wealth Management and Asset Management – without exception." | |
