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Press release from Business Wire

Manuel Irarrazaval Appointed Chief Country Officer of Deutsche Bank Chile

Monday, May 07, 2012

Manuel Irarrazaval Appointed Chief Country Officer of Deutsche Bank Chile09:30 EDT Monday, May 07, 2012 NEW YORK (Business Wire) -- Deutsche Bank today announced that Manuel Irarrazaval has been appointed Chief Country Officer for Deutsche Bank Chile, effective June 15. In his new role, he will report to Bernardo Parnes, Chief Executive Officer, Deutsche Bank Latin America. Irarrazaval will continue to serve as Head of Chile Investment Banking, reporting to Paul Stefanick, Global Head of Corporate Finance Industrials, Consumer, Healthcare and Latin America. After more than 11 years of distinguished service to the Bank, José Miguel Alcalde will step down as Chief Country Officer of Deutsche Bank Chile, a position which he has held since April 2006. Prior to his role as CCO, Alcalde served as Head of Global Markets Chile since December 2000. He will continue to work with Deutsche Bank as a Senior Advisor of Deutsche Bank Chile. “Manuel has been a critical driver of Deutsche Bank's impressive development in Chile for more than two years. I have complete confidence that he will continue the success we have achieved and become a key contributor to the world-class client service we deliver to our clients in Chile,” said Parnes. “I would also like to thank José Miguel for his significant contributions to Deutsche Bank over the past decade. He has been an invaluable member of the Bank's Latin America management team, and I am delighted that he has agreed to continue supporting Deutsche Bank Chile and the Latin America franchise in an advisory capacity.” About 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 more than 100,000 employees in 72 countries, Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people. Deutsche Bank Securities Inc., member NYSE, FINRA and SIPC, is the investment banking and securities arm of Deutsche Bank AG in the United States. Deutsche Bank AGDuncan King, 212-250-4864duncan.king@db.comorPia Rubel, +