Market Overview

Deutsche Bank Announces Senior Hires in Loan Sales & Trading

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Deutsche Bank today announced the hiring of Alexandra Cannon in Loan
Sales and Garret Rowan in Loan Trading.

Alexandra Cannon will join the bank as a Director in leveraged loan
sales in July. Cannon joins from Barclays, where she spent the last nine
years covering clients in the leveraged loan and structured credit
markets. Cannon received her BS in Financial Engineering from Columbia
University. She will be based in New York and report to Alex Bici, Head
of Par Loan Sales, North America.

"Alexandra brings deep relationships and a unique skill set to our
franchise, with significant expertise in both leveraged loans and
structured credit," said Bici. "With CLOs representing such a large
share of our investor client base, having someone with a deep knowledge
of this product joining our platform is very valuable."

Cannon will replace Liz Bodisch, who will move from loan sales to the
loan trading desk, and will report to Mike Weir, Head of Par Loan
Trading, North America. Bodisch has been a senior salesperson for seven
years at Deutsche Bank and previously ran loan trading for a large asset
manager on the buy side.

Garret Rowan will join the bank's par loan trading desk later this month
as a Vice President. Rowan will join from US Bank's loan trading desk.
Rowan received his BA in History from Columbia University and his MBA
and Master of Science in Finance from Boston College. He will be based
in New York and report to Mike Weir.

"Liz and Garret each represent unique hires for Deutsche Bank's
leveraged loan trading business," said Weir. "These two hires, with
their deep experience on both the buy side and the sell side, reflect an
ongoing desire to better serve and connect with our investor clients."

About Deutsche Bank

Deutsche Bank provides commercial and investment banking, retail
banking, transaction banking and asset and wealth management products
and services to corporations, governments, institutional investors,
small and medium-sized businesses, and private individuals. Deutsche
Bank is Germany's leading bank, with a strong position in Europe and a
significant presence in the Americas and Asia Pacific.

This release contains forward-looking statements. Forward-looking
statements are statements that are not historical facts; they include
statements about our beliefs and expectations and the assumptions
underlying them. 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 revenues and
in which we hold a substantial portion of our assets, the development of
asset prices and market volatility, potential defaults of borrowers or
trading counterparties, the implementation of our strategic initiatives,
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 11 March 2016 under the heading "Risk Factors". Copies of
this document are readily available upon request or can be downloaded
from www.db.com/ir.

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