August 9, 2007

David Fry to join Deutsche Bank as Head of Global Markets Canada

Deutsche Bank today announced that David Fry will join as a Managing Director and Head of Global Markets for Canada. He will be responsible for all debt products in the region and report to Paul Jurist, Country Head for Deutsche Bank in Canada, and Phil Weingord, Head of Global Markets for the Americas. Fry will join the bank this fall and be based in Toronto.

Fry will be joining from ABN in London where he is an Executive Director and Global Head of Local Markets Eurobonds. Prior to joining ABN, David spent nine years at Toronto Dominion Bank and was most recently Head of Government Finance.

“David's success in analyzing new market opportunities and his ability to formulate and execute profitable business strategies will be an asset as we build on our strong and diversified Global Markets platform in Canada,” said Jurist. "We are committed to being a leading global financial institution in Canada and will continue to expand our franchise in this important market."

"Our ongoing investment in Canada and recent successes, including several landmark transactions, underscores our long-term commitment to being a top provider of capital markets, advisory and other financial services in the region," said Weingord. “We continue to see increasing growth opportunities in Canada’s corporate finance, commodities and securitization markets.”

Fry earned an MBA from McGill University and a BA in Administrative and Commercial Studies from the University of Western Ontario.

For further information, please call:

John Gallagher

Michele Allison

Media Relations

About 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 75,140 employees in 75 countries, 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 Securities Inc., member NYSE, NASD and SIPC, is the investment banking and securities arm of Deutsche Bank AG in the United States.