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Deutsche Bank (Schweiz) AG

Deutsche Bank Private Wealth Management appoints Hannes Oelschlegel as Head of Central & Eastern Europe and Turkey

Frankfurt am Main/Zurich (ots)

Deutsche Bank Private Wealth
Management today announced the appointment of Hannes Oelschlegel as
Managing Director and Head of Private Wealth Management Central &
Eastern Europe and Turkey with effect from 1 September. In his new
role, he will be responsible for further developing Private Wealth
Management capabilities in this region, which will include both
product and servicing enhancements as well as a broader relationship
and marketing presence.
Hannes Oelschlegel joins Deutsche Bank from UBS where he was Head
of Wealth Management Eastern Europe. In his previous role,
Oelschlegel increased substantially business volume and profitability
and built successfully relationships with both institutional and
private clients. He spent 16 years at UBS in different leadership
positions in Zurich and in Singapore. Oelschlegel holds a technical
engineering degree from Clausthal University (Germany) and started
his career at Linde AG in Munich, followed by senior assignments in
Norway and in the United States. Oelschlegel will be based in Zurich
and reports to Dr Hans-Jürgen Koch, Head of Deutsche Bank Private
Wealth Management International and Chief Executive Officer of
Deutsche Bank (Switzerland) Ltd.
"Hannes brings a wealth of experience in successfully building up
private banking business in emerging markets like Eastern Europe. He
has an excellent understanding of the needs of our clients in the
region" said Koch. Deutsche Bank Private Wealth Management already
has a very strong presence in Eastern Europe and Turkey and is
committed to further expand its business in these growing markets.
Pierre de Weck, member of the Executive Committee of Deutsche
Bank, added: "We are very pleased that Hannes Oelschlegel will join
us. He will play a central role in leveraging Deutsche Bank's global
capabilities to the advantage of our private wealth management
clients. This includes enhancing our tailored financial product and
service offering for wealthy individuals, attracting experienced
wealth management professionals, and cooperating seamlessly with
other business units like Corporate and Investment Banking as well as
Asset Management."

Contact:

Deutsche Bank AG
Andreas Bartels
Press & Media Relations
Tel. (+49) 69 910 42648
E-Mail: andreas.bartels@db.com
http://www.deutsche-bank.de/presse

Deutsche Bank (Switzerland) Ltd
Alberto Klaas
Marketing & Public Relations
Tel. (+41) 22 739 0488
E-Mail: alberto.klaas@db.com
http://www.pwm.db.com

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 Euro 1,058 billion in assets and 65,435
employees in 73 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.

www.db.com

Deutsche Bank (Switzerland) Ltd., with offices in Geneva, Zurich
and Lugano, is a subsidiary of Deutsche Bank AG and specialises in
asset advisory and private wealth management services for
sophisticated international customers.

www.pwm.db.com

This Release contains forward-looking statements. Forward-looking
statements are statements that are not historical facts; they include
statements about our beliefs and expectations. Any statement in this
Press Release that states our intentions, beliefs, expectations or
predictions (and the assumptions underlying them) is a
forward-looking statement. These statements are based on plans,
estimates and projections as they are currently available to the
management of Deutsche Bank. Forward-looking statements therefore
speak only as of the date they are made, and we undertake no
obligation to update publicly any of them in light of new information
or future events.

By their very nature, forward-looking statements involve risks and
uncertainties. A number of important factors could therefore cause
actual results to differ materially from those contained in any
forward-looking statement. Such factors include: the conditions in
the financial markets in Germany, in Europe, in the United States and
elsewhere from which we derive a substantial portion of our trading
revenues; potential defaults of borrowers or trading counterparties;
the implementation of our Business Realignment Program; the
reliability of our risk management policies, procedures and methods;
and other risks referenced in our filings with the U.S. Securities
and Exchange Commission. Such factors are described in detail in our
SEC Form 20-F of 23 March 2006 in the section "Risk Factors." Copies
of this document are readily available upon request or can be
downloaded from www.deutsche-bank.com/ir.