Board Appointment at Deutsche Bank Offshore

Andreas Tautscher has been appointed as a Director and will be joining the Board of Deutsche Bank International Limited with effect from 31 January 2002.

Andreas, who is married with twin sons, was educated locally at Elizabeth College, and is an honours graduate of the University of Kingston. He is a chartered accountant who joined Deutsche Bank in Guernsey in 1995. His appointment to the Board extends his existing role as Deutsche Bank Offshore's Chief Financial Officer, responsible for the finance functions in Jersey, Guernsey, Cayman and Mauritius offices.

Philip Smith, Chairman of Deutsche Bank International Limited said, “The size and complexity of our business are matched by the emphasis we place on Group-wide accounting and controlling standards. In making this appointment the Board recognises the significant contribution that Andreas has made to our continuing success, together with the broadening of his responsibilities in 2002."