Press Release

Deutsche Bank Private Wealth Management is strengthening its investment offering with the launch of a new unit, Global Private Markets. The unit will manage non-traded investment products, such as private equity, real estate, infrastructure and highly structured investments including direct access equity, debt and infrastructure.

Karim Ghannam has been appointed Head of Global Private Markets, effective 4 January 2011. Ghannam will have responsibility for managing the existing real estate and private equity groups within Deutsche Bank Private Wealth Management, as well as building additional capabilities across the less-liquid asset classes.

Kevin Lecocq, Head of Global Investment Solutions at Deutsche Bank Private Wealth Management, said: "The Global Private Markets team and Karim will provide unique access to investment opportunities unavailable in most wealth management offerings. Karim’s in-depth experience in private equity and co-investments will be of great benefit to our clients."

Previously Ghannam worked as an investment banker at Merrill Lynch and Lehman Brothers, specialising in corporate finance transactions. He joins from Argan Capital Partners where he spent 11 years, most recently as a partner responsible for principal investments.

Ghannam will be based in London and will report to Kevin Lecocq.

Deutsche Bank Private Wealth Management serves high net worth individuals, families and select institutions worldwide, while also providing leading solutions for family offices and financial intermediaries. Operating in more than 100 locations and advising clients in relation to more than EUR 267 billion in assets under management, it is at the forefront of the global wealth management industry.

Deutsche Bank
Date: 25.12.2010