May 12, 2006

Deutsche Bank announces two key appointments within Global Credit Trading

Deutsche Bank today announced two key appointments within the Global Credit Trading (GCT) platform. Mark Ritter has been appointed Chief Operating Officer for Global Credit Trading and Richard D'Albert has been appointed Global Head of the Securitised Products Group (SPG). Both positions are effective immediately.

Ritter joined Deutsche Bank in 2005 as Global Head of Commodities and has been instrumental in driving the expansion of the Deutsche Bank commodities franchise during the past twelve months. Following Ritter's transfer to GCT, Jim Turley, Head of Global Currencies and Commodities, will assume operational responsibility for the commodities business.

Ritter will take on responsibility for GCT's business management functions, infrastructural support and investment governance procedures in his new role as Chief Operating Officer. Ritter will report jointly to Rajeev Misra, Head of GCT, and to Mark Ferron, Global Markets' Chief Operating Officer, and will continue to be based in New York.

Richard D'Albert has also been confirmed as Global Head of the Securitised Products Group (SPG).  D'Albert has been jointly responsible for SPG for almost two years, concentrating primarily on business in the Americas. D'Albert has succeeded in establishing Deutsche Bank as a leading force in securitisation and will remain in New York for his new role.

Matt Press has become Global Head of Structured Capital Markets (SCM) and will be based in London. Press has been a key architect of the Deutsche Bank SCM business in his capacity as European Head of SCM. Press' appointment allows Ivor Dunbar to concentrate on his role as Head of Global Markets, Europe.

D'Albert and Press will both report to Rajeev Misra, Head of GCT.

For further information, please call:

Deutsche Bank

Stephanie Smart  (44 20) 7545 2908
Press and 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.