June 8, 2006

Andy McDonnell appointed Global Head of Convertible Bond Trading at Deutsche Bank

Deutsche Bank today announced that Andy McDonnell has been appointed Global Head of Convertible Bond Trading within its Global Markets division. McDonnell is based in London and reports to Boaz Weinstein, Managing Director and Head of Global Credit Trading in the US and Europe.

"Our convertible bond trading platform has continued to gain market share, create innovative structures and profitably weather the most challenging of times for the asset class," said Weinstein. "We are having an excellent year and I am confident that Andy's extensive experience in the convertible bond market and stellar track record will further solidify our position in the industry."

McDonnell was most recently Head of European Convertible Bond Trading. He joined Deutsche Bank from CSFB in 1996 and has over 14 years experience in convertible bonds.

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Michele Allison (212) 250-4864
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Press and Media Relations

Deutsche Bank

Deutsche Bank <NYSE: DB> is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With Euro 1,035 billion in assets and 64,103 employees, Deutsche Bank offers unparalleled financial services in 73 countries throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.