Tokyo, February 13, 2007

Deutsche Securities in Japan to appoint David Hatt as Representative Director and President


Deutsche Securities Inc. (DSI), Deutsche Bank’s investment banking arm in Japan, today announced that the company’s Board of Directors and shareholders intend to appoint David M. Hatt as Representative Director and President as of May 7, 2007. Mr. Hatt will also become Regional CEO and Chief Country Officer for Deutsche Bank Group in Japan, responsible for coordinating the Group’s business activities. Mr. Hatt will report to Jürgen Fitschen, Member of the Group Executive Committee and the Bank’s Global Head of Regional Management. Mr. Hatt replaces John T. Macfarlane who resigned as President and CEO in December 2006.




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