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Company : Deutsche Bank  
Monday, June 28, 2004 4:18PM IST (10:48AM GMT)
Deutsche Bank Appoints Rahul Raisurana Head of Credit Risk Management India
Mumbai, Maharashtra, India

Deutsche Bank today announced the appointment of Rahul Raisurana as Director and Head of Credit Risk Management, India. Mr Raisurana will be based in Mumbai and will report directly to Volker Kauschel, Regional Head of Corporate Credit located in Singapore. He replaces Douglas Neilson, Director and Head of Credit Risk Management for India, Pakistan, Sri Lanka, and Thailand, who will take up a new appointment at the Bank's London office. Mr. Neilson also held the post of Chief Country Officer for India for three years between 2000 and 2003.

Mr Raisurana has over 13 years of experience in the financial services industry and joins the bank from Moody's Investors Service in New York where he was a Vice President and Corporate Finance Specialist for the Americas' region. Before joining Moody's, Mr Raisurana spent over eight years in India primarily with Citibank's Corporate & Investment Banking Group, where he managed key relationships across industry categories. He holds a dual Masters degree from the US.

Mr Neilson, who has been based in India since 1997, said: "The last few years have been a most interesting and rewarding period for Deutsche Bank's business in India. We have expanded significantly and effectively, and the momentum in the growth of our business is accelerating. The Bank is very positive on the opportunities which the Indian market presents".

Announcing the appoin tment, Gunit Chadha Deutsche Bank India CEO said: "Doug has made a great contribution to the development of our business in India and the business has developed strong growth momentum as this year's 60% increase in Net Profit after tax clearly shows. Rahu l is taking over a very sound portfolio and his focus will be on further developing relationships in the market, and delivering our clients with financing and banking solutions that extend across the Bank's entire platform. "

About Deutsche Bank

With roughly Euro 878 billion in assets and approximately 66,900 employees, Deutsche Bank offers unparalleled financial services in 74 countries throughout the world. Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

Deutsche Bank ranks among the global leaders in corporate banking and securities, transaction banking, asset management, and private wealth management, and has a significant private & business banking franchise in Germany and other selected countries in Continental Europe.

In Asia Pacific, Deutsche Bank has over 30 offices in 15 countries with more than 6,000 staff.

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Mr Rahul Raisurana as Director and Head of Credit Risk Management, India