Daniel Gleizer Joins Deutsche Bank as Head of Global Markets Brazil.

Business Editors

NEW YORK & SAO PAULO--(BUSINESS WIRE)--Jan. 31, 2003

Deutsche Bank today announced it has hired Daniel Luiz Gleizer, 42, as Managing Director and Head of Global Markets for Brazil.

He will be based in Sao Paulo and will report to Ariel Sigal, Managing Director, Head of Global Markets Latin America, and to Roger Karam, CEO, Deutsche Bank Brazil.

Gleizer joins Deutsche Bank after a long career in the public and private sectors. He served as Deputy Governor for International Affairs for the Central Bank of Brazil from March 1999 to February 2002. During this time, he was responsible for managing Brazil's international capital markets operations, leading the reform of the foreign exchange market and coordinating relations with international financial institutions. In addition, Gleizer was a voting member of the Central Bank's Monetary Policy Committee.

"Daniel's hire is a clear demonstration of our commitment to deliver superior product knowledge and professional coverage to our clients in the region," said Ariel Sigal. "Additions such as Daniel are a key part of Deutsche Bank's ongoing strategy to build the leading Global Markets business in Brazil and across Latin America."

"Our Latin American business is an integral part of our global markets effort," said David Zezza, Global Head of Emerging Markets and Co-chair of Deutsche Bank's Latin America Management Committee. "This is the latest in a series of important new appointments underscoring our investment in this significant business area."

In his role at Deutsche Bank, Gleizer will oversee Deutsche Bank Brazil's client coverage of Global Markets products including: Foreign Exchange; Money Markets; Debt Origination; Fixed Income Sales and Trading; Currency and Interest Rate Derivatives products; Credit Derivatives products and Structured Risk Management Solutions.

"Daniel has had a diverse and distinguished career in finance and is well known and respected within Brazil, as well as throughout the international financial markets," said Roger Karam. "His extensive global capital markets experience combined with his in-depth understanding of Brazil will greatly strengthen Deutsche Bank's efforts here."

Gleizer holds a Ph.D in Economics from the University of California, Berkeley, an M.A. in Economics from the University of Illinois and a B.A. in Economics from the Federal University of Rio de Janeiro.

About Deutsche Bank

With roughly Euro 830 billion in assets and approximately 82,000 employees, Deutsche Bank (NYSE: DB) offers its 12 million clients unparalleled financial services in 75 countries throughout the world. The Bank aspires to be a leading global provider of integrated financial solutions for demanding clients and the pre-eminent bank in Germany generating exceptional value for its shareholders and people.

Deutsche Bank ranks among the global leaders in corporate banking and securities, transaction banking, asset management, and private wealth management, and has a significant private & business banking franchise in Germany and other selected countries in Continental Europe.

www.deutsche-bank.com