2011 Media Releases

Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) today announced the appointment of Managing Director Christophe Renaud and Vice President Matthew Jones to establish and develop Deutsche Bank’s power trading business in Australia.

Head of Global Markets, Michael Ormaechea, said, “These appointments herald the expansion of Deutsche Bank’s Global Commodities business in Asia Pacific where the bank is a leading provider of commodities products and research.  Australia has the most developed power trading market in the region and therefore it’s the logical place to base this business.”

Globally, Deutsche Bank has been building its Commodities business on the back of client and investor demand. Anchored by regional hubs in Frankfurt, London, New York, Houston, Singapore, Tokyo, Calgary and now Sydney, the commodities group offers its client 24-hour access to a seamlessly integrated marketplace.

Joining as the Head of Power Trading, Renaud was previously Head of Commodities at ANZ and has 18 years of experience trading commodities derivatives in Sydney, Paris, New York and Tokyo. Christophe will be responsible for the establishment and ongoing development of the business.

Jones has seven years of experience as an energy trader and will be responsible for the day to day trading and risk management of the power book.

For further information, please contact:

Deutsche Bank AG    
Name : Michelle Chaperon   
Phone: +61 (0) 2 8258 1311
E-Mail: michelle.chaperon@db.com