May 30, 2006

David Lane joins Deutsche Bank as Head of Equity Financial Resource Management

Deutsche Bank Securities Inc. today announced that David Lane has joined as a Director and Head of Equity Financial Resource Management, responsible for funding, balance sheet and collateral management for the equities asset class within the Global Markets division. He will be based in New York, reporting to Anthony Byrne, Managing Director and Global Head of Securities Lending and Mark Haas, Americas Head of Prime Services.

Lane re-joins Deutsche Bank from Merrill Lynch, where he spent two years as a Director and Global Head of the Asset Optimization Group. Before joining Merrill Lynch, Lane was Global Head of Collateral Management for the equity asset class at Deutsche Bank in London. He was previously a  swaps trader at Lehman Brothers and prior to that held several trading and risk management roles at Salomon Smith Barney.

"Deutsche Bank's rapid growth in equities has necessitated a highly-efficient financial resource management function, and I am pleased that David will be leading this effort," said Byrne. "His extensive experience in cash and collateral management, as well has his familiarity with securities lending, equity swaps and prime brokerage, will serve us well as he works to identify financing synergies across our debt and equity platforms, particularly in high-growth areas such as Prime Services."

Deutsche Bank also announced the appointment of Eric Lepore to Head of Cash and Collateral Management for Global Finance. In his new role, Lepore will work closely with Lane to maximize collateral management efficiencies across debt and equity.

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Renee Calabro
Media Relations

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 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.

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