DB Capital Markets (Asia) Limited became member of Tokyo Stock Exchange

DB Capital Markets (Asia) Limited became member of Osaka Securities Exchange

DB Capital Markets (Asia) Limited became a registered dealer of TIFFE (Tokyo Int'l Financial Futures Exchange). DB Capital Markets (Asia) Limited became 100% subsidiary of Deutsche Bank

Deutsche Bank Capital Markets (Asia) Limited renamed to Deutsche Morgan Grenfell Capital Markets Limited

Deutsche Morgan Grenfell Capital Markets Limited renamed to Deutsche Securities Limited

Acquisition and Integration of Bankers Trust

Relocated to Sanno Park Tower

Toru Hashimoto appointed as Chairman of Deutsche Securities Limited Tokyo Branch

Deutsche Securities Limited Tokyo Branch incorporated in Japan as Deutsche Securities Inc.

David Hatt appointed as Representative Director and President of Deutsche Securities Inc.