January 25, 2007

Deutsche Bank Americas announces formation of Client Advisory Board

Top Leaders to Counsel Management & Clients and Assist in Business Development

Deutsche Bank today announced several additions to its Client Advisory Board in the Americas. Norman Augustine, the former Chairman and CEO of Lockheed Martin, and former U.S. Treasury Secretary John Snow have joined the Client Advisory Board, and former U.S. Senator George Mitchell has rejoined the Board.

The Board was created to counsel management from Deutsche Bank and its clients on a wide range of strategic and marketplace issues, including business development and growth as well as economic, political and social trends. Board members will also assist in advising on strategic and client initiatives.

“We are extremely proud to add such a highly esteemed group of leaders to the Deutsche Bank Client Advisory Board,” said Seth Waugh, CEO of Deutsche Bank Americas. “The Board brings us an impressive array of talents, experiences and relationships that will be yet another differentiating factor benefiting our clients.”

The Board comprises 12 prominent executives across various industries. Board members include:

Norm Augustine
Norman Augustine, the former CEO and Chairman of the Board of Lockheed Martin, joined Martin Marietta Corporation in 1977 as Vice President of Aerospace Technical Operations and became a Director in 1986.  He played a leading role in the 1995 merger of Martin Marietta and Lockheed, one of the largest aerospace and defense mergers in history.  He retired from his management roles in 1998, but remained an active Director until 2005.  Augustine is an Independent Director on the boards of ConocoPhilips and Black & Decker Corp., and is the presiding Independent Director on the board of Procter & Gamble. He also served as Assistant Secretary of the Army (R&D) from 1973-1975 and Under Secretary of the Army from 1975-1977.

Michael Capellas
Michael Capellas is a Senior Advisor with Silver Lake Partners, a private equity firm focused on making large-scale investments in leading technology companies. Capellas is also on the Board of Directors of Cisco Systems. Prior to joining Cisco Systems, he was the President and CEO of MCI, a leading global communications provider. During his tenure from December 2002 to January 2006, he led the company through the largest corporate reorganization in history and oversaw MCI’s merger with Verizon Communications. Prior to joining MCI, he was President of Hewlett-Packard Company.  Previously he was the Chairman and CEO of Compaq, where he worked since 1998 as Chief Information Officer and Chief Operating Officer before being named CEO in 1999.

Anthony Deering
Anthony Deering is Chairman of Exeter Capital, LLC, a private investment firm. Deering serves as a Director of Vornado Realty Trust and Mercantile Bankshares Corporation and also is the lead Independent Director of the T. Rowe Price mutual funds. Deering is also a member of the Board of Governors of the Investment Company Institute. He previously served as Chairman of the Board and Chief Executive Officer of The Rouse Company, a large public national real estate company, which merged with General Growth Properties in November 2004.

Archie Dunham
Archie Dunham is the retired Chairman of the Board of ConocoPhillips. He was Chairman, President and Chief Executive Officer of Conoco Inc. from 1999-2002 after being elected President and CEO in 1996.  He became Chairman of ConocoPhillips in 2002. Dunham was instrumental in orchestrating Conoco’s IPO separation from DuPont in 1998, the largest in U.S. history, and in negotiating the merger of equals between Conoco Inc. and Phillips in 2002. He currently serves on the boards of directors of Louisiana-Pacific Corporation, Phelps Dodge Corporation, Union Pacific Corporation and Pride International.

Benjamin H. Griswold, IV
Ben Griswold joined Alex. Brown & Sons in 1967, became a partner of the firm in 1972, elected Vice Chairman of the Board and Director in 1984, and became Chairman of the Board in 1987. Following the acquisition of Alex. Brown by Bankers Trust New York Corporation in 1997, he became Senior Chairman of BT Alex. Brown, and upon the acquisition of Bankers Trust by Deutsche Bank in 1999, he became Senior Chairman of Deutsche Banc Alex. Brown, the predecessor of Deutsche Bank Securities, Inc. Griswold retired from Deutsche Bank Securities, Inc. in February 2005 and was appointed Chairman of Brown Advisory in March 2005. He served a six-year term as a Director of the New York Stock Exchange and is a member of the boards of The Black & Decker Corporation, Flowers Foods, Baltimore Life Insurance Company and W.P. Carey & Co. LLC.

Robert Johnson
Robert Johnson is the Founder and Chairman of The RLJ Companies, an innovative business network that provides strategic investment and direction in and for a diverse portfolio of companies in the financial services, real estate, hospitality/restaurant, professional sports, film production, gaming and recording industries. Under The RLJ Companies umbrella, Johnson owns or holds interests in companies operating in the professional sports, hospitality/restaurant, real estate, financial services, gaming and recording industries. Prior to forming The RLJ Companies, he was founder and chairman of Black Entertainment Television (BET), the nation’s first and leading television network providing quality entertainment, music, news, sports and public affairs programming for the African American audience. Under Johnson’s leadership, BET became the first African American-owned company publicly traded on the New York Stock Exchange. In 2000, he sold BET to Viacom for approximately $3
billion and remained the Chief Executive Officer through 2005. Johnson also serves as a Director for Lowe’s Companies, Inc., International Management Group, Strayer Education, NBA Board of Governors, Johns Hopkins University and the American Film Institute.

Edward Kangas
Edward Kangas was Chairman and CEO of Deloitte Touche Tohmatsu from 1989-2000 and Managing Partner of Deloitte & Touche USA from 1989-1994. During his tenure, the firm's revenue more than tripled to $11 billion, and he also was one of the chief architects of the global merger that created Deloitte & Touche in 1989. Kangas currently serves as the Non-Executive Chairman of the Board for Tenet Healthcare Corporation and Oncology Therapeutics Networks and a board member at Eclipsys Corporation, Electronic Data Systems and Hovnanian Enterprises, Inc. He also is a member of the Committee for Economic Development and recently served as Chairman of the National Multiple Sclerosis Society.

Lynn Martin
Lynn Martin is the President of Martin Hall Group LLC, a consulting firm. Martin served as Secretary of Labor under President George H.W. Bush from 1991-1993. Prior to serving as Secretary of Labor, she represented the 16th District of Illinois in the U.S. House of Representatives from 1981-1991. Martin was the first woman to achieve an elective leadership post when she was chosen Vice Chair of the House Republican Conference, a position she held for four years. From 1993-2005, Martin served as Chairperson of Deloitte & Touche LLP’s Council for the Advancement of Women and as an Advisor to that firm. She currently serves on the boards of The Dreyfus Funds, AT&T, Procter & Gamble, Constellation Energy, Ryder System, Inc. and Chicago's Lincoln Park Zoo. She is also a member of the Council on Foreign Relations.

Robert P. May
Robert May is the Chief Executive Officer and a Director of Calpine Corporation, a major power company. May has served as a Director of Charter Communications, Inc. since October 2004, and was Interim President and CEO of Charter from January 2005 to August 2005. He was a Director of HealthSouth Corporation from October 2002 through October 2005, serving as Chairman from July 2004 until October 2005. He also served as HealthSouth’s Interim Chief Executive Officer from March 2003 until May 2004 helping to lead the successful turnaround of the $4 billion healthcare services company.  Since March 2001, May has been a private investor and principal of RPM Systems, a firm that provides strategic business consulting services. He also held various senior management positions at Cablevision Systems, Corp. from 1996-1998 and at Federal Express Corporation from its inception in 1973 through 1993.

George J. Mitchell
George Mitchell served as Non-Executive Chairman of the Board of The Walt Disney Company from 2004 through 2006. Mitchell was a member of the United States Senate from May 1980 to January 1995 and left the Senate as the Senate Majority Leader, a position he had held since January 1989. For six consecutive years he was voted "the most respected member" of the Senate by a bipartisan group of senior Congressional aids. Senator Mitchell served as Chairperson of the Peace Negotiations in Northern Ireland and was nominated for the 1998 Nobel Peace Prize for his efforts. While in the Senate, Mitchell served on the Finance, Veterans Affairs and Environment and Public Works Committees. In addition, he was a leader in opening markets to trade and led the Senate to ratification of the North American Free Trade Agreement and creation of the World Trade Organization. Mitchell is a partner and current Chairman of the Global Board of the law firm of DLA Piper.

Michael E. J. Phelps
Michael Phelps is Chairman of Dornoch Capital Inc., a private investment company. From January 1988 to 2002 he was President and Chief Executive Officer of Westcoast Energy Inc. of Vancouver, which was one of North America's largest natural gas pipeline companies, and he subsequently served as the company’s Chairman and CEO. When Westcoast Energy merged with Duke Energy of Charlotte, NC, in 2002, Phelps became a member of Duke Energy’s Board of Directors, and he subsequently became a Director at Spectra Energy, which was separated from Duke Energy in January 2007. Phelps also is a Board Member at Inco, Canadian Pacific Railway Company, Canfor Corporation and Fairborne Energy Trust. He also is Chairman of the Board of the GLOBE Foundation of Canada and Kodiak Exploration Limited. From 2003- 2004, he was appointed by the Canadian government as Chairman of the Commission to Study the Structure of Securities Regulation in Canada, and he currently is a member of the Vancouver
Organizing Committee for 2010 Olympic and Paralympic Games.

John Snow
John Snow is Chairman of Cerberus Capital Management, LP, one of the world's leading private investment firms with $16.5 billion under management. Before joining Cerberus, Snow served as the United States’ 73rd Secretary of the Treasury from 2003-2006 under President George W. Bush. Before that, he was Chairman and CEO of CSX Corp., a leading transportation company. Snow is also on the Board of Directors of Marathon Oil Company and Verizon Communications. Snow's previous roles in public service include positions at the Department of Transportation as Administrator of the National Highway Traffic Safety Administration, Deputy Undersecretary, Assistant Secretary for the Governmental Affairs and Deputy Assistant Secretary for Policy, Plans and International Affairs.

For further information, please call:

Ted Meyer              
Media Relations, Deutsche Bank

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