Serene El Masri to join Deutsche Bank as Head of Middle East & Africa for Private Wealth Management

Effective June 1, 2011, Serene El Masri will join Deutsche Bank as Head of Private Wealth Management Middle East & Africa. Based in Dubai she will be responsible for the wealth management business for private clients across the entire region.

Serene El Masri will report to Marco Bizzozero, CEO of Deutsche Bank (Switzerland) Ltd. and Head of Private Wealth Management for Europe, Middle East & Africa (“EMEA”). Serene will be a member of the EMEA Executive Commitee.

Marco Bizzozero: “The Middle East & Africa region is of strategic importance to Deutsche Bank Private Wealth Management. Serene has many years of experience with UHNWIs in that region. I am very confident that with her appointment, we are very well positioned to build up our presence in the region, to leverage on our one-bank strategy and to bring Deutsche Bank’s Private Wealth Management global services close to sophisticated private clients in this key region.”

Serene joins from BNP Paribas, where she was CEO Wealth Management Middle East & North Africa. Serene has a master’s degree in law from Sorbonne University. Besides her native Arabic and English, she speaks fluent French and Italian.

About Deutsche Bank

Deutsche Bank is a leading global investment bank with a substantial private clients franchise. Its businesses are mutually reinforcing. 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 74 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions, creating lasting value for its clients, shareholders, people and the communities in which it operates.

www.db.com

About Deutsche Bank (Schweiz) AG

Established over 30 years ago, Deutsche Bank (Schweiz) AG has offices in Geneva, Zurich, Lugano and St. Moritz and employs around 700 staff working in Private Wealth Management specializing in providing portfolio and asset management services for both Swiss and international clients. In addition to Private Wealth Management, Deutsche Bank in Switzerland offers the entire range of services of an international corporate client and investment bank. A branch of Deutsche Bank AG in Zurich manages Swiss corporate and institutional clients. Deutsche Asset Management Schweiz is responsible for institutional asset management, and DWS Schweiz GmbH for investment fund business. Both companies are also based in Zurich.

www.pwm.db.com