Jose Miguel Alcalde Named Country Manager of Deutsche Bank Chile

Alcalde joined Deutsche Bank in 2000 as head of Global Markets inChile. Prior to joining the firm, he served as Chief Financial Officerof Banco Edwards, later part of Banco de Chile. Previously he workedfor Citibank for six years, where he first headed the bank's fixedincome desk and subsequently their derivatives business.

Perez retires from the firm after fourteen years of service butwill continue to serve as a Director of Deutsche Bank Chile. He joinedAFP Provida, a subsidiary of Bankers Trust N.Y., in 1992 and served asHead of Bankers Trust Investment Bank in Chile from 1995 to 1999. Uponthe purchase of Bankers Trust by Deutsche Bank in 1999 Perez was namedManaging Director and Country Manager for Deutsche Bank Chile.Previously he worked at Citicorp in Chile in derivatives, corporatefinance and equities brokerage.

"Our success in Chile is a testament to Rodrigo's leadership,client relationships and in-depth knowledge of the local market," saidSeth Waugh. "We thank him for his contribution and wish him all thebest."

"I am confident that Jose Miguel's career experience and trackrecord of success in Global Markets will make for a seamlesstransition of management and ensure further business success for us inChile," said Pablo Calderini.

Deutsche Bank has a strong presence in Chile. The bank executedthe three largest and most complex M&A transactions ever done in Chileand is a leading equity house, having led more than $4.8 billion inblock trades and IPOs since 1995. In addition, the firm leads thelocal and international debt capital markets and placed the largestUF-denominated bond in the local market on behalf of a Chileancorporate client.

About Deutsche Bank

With Euro 993 billion in assets and 63,427 employees, DeutscheBank (NYSE: DB) offers unparalleled financial services in 74 countriesthroughout the world. Deutsche Bank competes to be the leading globalprovider of financial solutions for demanding clients creatingexceptional value for its shareholders and people.

Deutsche Bank ranks among the global leaders in corporate bankingand securities, transaction banking, asset management, and privatewealth management, and has a significant private and business bankingfranchise in Germany and other selected countries in ContinentalEurope.

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