Deutsche Bank launches new CROCI Carbon Funds and appoints CEO for the UK

Deutsche Bank's funds platform has launched two innovative UCITS III funds that provide investors exposure to a stock portfolio of attractively valued companies with low greenhouse gas emissions. The DB Platinum CROCI Carbon 100 euro TR Fund, a global long-only strategy, and the DB Platinum CROCI Carbon Alpha TR Fund, a global long-short strategy, target strong investment returns combined with an assessment of the ability to reduce exposure to the potentially adverse economic impact of high greenhouse gas emissions. The negative and positive positions are matched to obtain a market-, region-, and sector-neutral portfolio, and the exposure of the strategy to this portfolio is adjusted to maintain a 5% volatility target. The CROCI equity funds have seen over EUR 340 million of net inflows, representing a rise of 36% in assets under management since the beginning of 2009, as investors take advantage of the alpha generating potential that the CROCI funds offer. CROCI - Cash Return on Capital Invested - is a proprietary research model developed by Deutsche Bank and launched in 2004. It makes the valuation of companies comparable across sectors as well as markets and aims to identify the best value stocks in the market. Currently, about EUR 3.5 billion of assets are invested in accordance with strategies which are based on CROCI. This concurred with the appointment of Colin Grassie as Chief Executive Officer for the United Kingdom. Mr Grassie will have responsibility for development of the Bank's UK franchise, including management of relationships with the government, regulators and key clients. He will chair the Bank's UK governance and executive management committees. Mr Grassie most recently served for four years as Chief Executive Officer of Deutsche Bank in Asia Pacific (ex-Japan) and was responsible the Bank's management and strategic business development in the region. The appointments take effect on 1 August 2009.