June 12, 2006

Deutsche Bank appoints Greg Lippmann Global Head of ABS Trading & Syndicate and CDO Trading

Deutsche Bank today announced the appointment of Greg Lippmann as Global Head of Asset-Backed Securities (ABS) Trading and Syndicate.  Lippman is based in New York and reports to Richard d'Albert, Managing Director and Head of the Securitized Products Group (SPG).

Lippmann joined SPG in March 2000 and has been instrumental in developing Deutsche Bank's ABS and Collaterized Debt Obligation (CDO) platforms.  Since June 2004, Lippmann has been Head of ABS Trading and Syndicate for North America and Global Head of CDO Trading.  In this role, he has successfully led the industry consortiums that developed the Single Name ABS CDS and ABSX Index Trading platforms and established Deutsche Bank as a top player in these emerging businesses.

Deutsche Bank also announced that Kevin Flaherty has been appointed European Head of Syndicate for ABS and Greg Branch has been appointed Senior ABS Trader in Europe, in addition to his current role as Senior CDO Trader.  Both Flaherty and Branch report to Lippmann, who will continue to manage the ABS and CDO trading desks in the U.S.

"Greg has been instrumental in building-out our securitization trading and syndicate capabilities in the U.S. and globally over the last six years.  He is highly regarded in the industry and has become a pioneer in developing new products and trading platforms for the market," said d'Albert. "With these appointments, we are positioned to build upon past success and further enhance the strength of our SPG platform."

For further information, please call:

Deutsche Bank

Michele Allison        
(212) 250-4864
Press & Media Relations

Stephanie Smart  
(44 20) 7545 2908
Press & 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.