Deutsche Bank Appoints Paul Klug as Chief Country Officer, Mauritius

31 March 2009

Contact: Sari Cuming, Marketing Manager, sari.cuming@db.com
Source: Deutsche Bank (Mauritius) Limited
Location: Mauritius

Deutsche Bank today announced the appointment of Paul Klug as Chief Country Officer, Mauritius, effective from April 1. Mr. Klug will take over from Mark Bisson who is returning to the UK and will assume a new role to be announced in due course. Mr. Klug will report into Colin Grassie, CEO Deutsche Bank Asia Pacific (ex-Japan).

Announcing the appointment, Mr. Grassie said," Mauritius plays an important role in our global platform and we are committed to the expansion and further development of our business. Paul is a senior international banker who is well placed to provide both stewardship of the existing franchise and to lead its further development."

Mr. Klug is currently Chief Operating Officer of Deutsche Asset Management in Asia. He brings over 30 years experience in America, Asia and MENA to the role in various related disciplines across banking, funds management and mutual fund/trust administration. Prior to joining Deutsche Asset Management, Paul was with Morgan Stanley for 10 years as Managing Director in their Global Wealth Management Group, COO of Investment Management, Asia, and in the bank's Global Product Development and Mutual Fund / Trust Administration business. Paul has also worked with Chase Manhattan Bank, JP Morgan and Andersen Consulting in various senior capacities. He has a MBA from Wharton School and a Batchelor of Science from Cornell University.