May 8, 2006

Cory Carlesimo to join Global Markets Institutional Client Group

Carlesimo will lead Deutsche Bank's Equity Derivatives Sales, Structured Equity Sales and Special Situations Sales and Trading in New YorkDeutsche Bank Securities, Inc. today announced that Cory Carlesimo will join as a Managing Director within the Global Markets Institutional Client Group (ICG). In this role, Carlesimo will lead Deutsche Bank's Equity Derivatives Sales, Special Situations Sales and Trading, and Structured Equity Sales. He will be based in New York, reporting to Rich Jimenez, Managing Director and Head of ICG-Equity, Americas.

Carlesimo will join Deutsche Bank after 14 years in institutional trading and sales across debt and equity at Merrill Lynch. While at Merrill Lynch, Carlesimo established the Equity Arbitrage Desk, the Distressed Equity business and the Small Cap Equity Desk.

"Cory's experience building successful integrated platforms will be a great asset to both the Institutional Client Group and Global Markets Equity as we continue our drive for seamless delivery of cash, derivatives and prime services to equity investors," said Jimenez. "His accomplishments will be integral to our on-going effort to deliver unique product to meet the specific needs of hedge fund and institutional clients."

Equity Derivatives Sales, Structured Equity Sales and Special Situations Sales are part of ICG, the client interface with the investor community for the Global Markets division of Deutsche Bank. With approximately 1400 professionals world-wide, ICG is able to access the global capabilities of Deutsche Bank in the interest of client service across all product categories, in both underlying and derivative form, including Credit, Rates, Equities, Money Markets, FX and Commodities.

Global Markets Equity (GME) provides high-quality equity and equity linked products to institutional, corporate and retail clients globally. GME's seven global product lines are Equity Trading, Synthetic Equity, Equity Derivatives, Complex Equity, Structuring, Quantitative Products and Prime Services.

For further information, please call:

Renee Calabro                212-250-5525
Media Relations

About Deutsche Bank

Deutsche Bank 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 992 billion in assets and 63,427 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.