September 12, 2007

Deutsche Bank appoints Monte Koch Global Head of Real Estate Investment Banking

Deutsche Bank Securities Inc. today announced that Monte Koch has been appointed Global Head of Real Estate Investment Banking. Koch, a veteran banker for more than 20 years, has served in a variety of leadership roles at Deutsche Bank and, for the last several years, has been extensively involved with the firm's most prominent real estate, gaming and lodging clients.    

After more than 21 highly successful years in investment banking and most recently serving as Global Head of the Bank’s Real Estate Investment Banking practice, Devin Murphy has decided to leave the Bank to pursue other interests. In the coming months, Murphy will serve as an advisor to the real estate business, ensuring a smooth transition in strategy and client coverage.

"We're extremely pleased that Monte has expanded his leadership responsibilities to now include our industry-leading real estate, lodging and gaming practice," said Thomas Gahan, CEO of Deutsche Bank Securities Inc. "His proven reputation as a trusted advisor to clients coupled with his tenured history as a leader in senior management of the firm will allow him to marshal the resources needed to build our REIB practice even further."

Jacques Brand, Co-Head of Global Corporate Finance said, "As a longtime friend and M&A partner for over a dozen years, Monte and I share a passion for the real estate, gaming and lodging sectors. He has been instrumental to the growth of the firm's real estate investment banking business for many years and is the natural choice to lead REIB in its next stages of global growth."

“Over the years, Devin has made a major contribution to the Bank’s real estate corporate finance business and has been a key factor in the success we have enjoyed to date,” said Jim DeNaut, Co-Head of Global Corporate Finance. “We are extremely grateful for Devin’s contributions to the Bank.  We wish him the best in his future endeavors, and we look forward to his continued guidance in his role as an advisor to our practice."

The Real Estate Investment Banking Group at Deutsche Bank, which covers the real estate, gaming, and lodging sectors, is the largest coverage group at the Bank.  Over the past sixteen months, the group has been involved in every significant transaction in the sector, including Blackstone/Equity Office Properties, Blackstone/Hilton Hotels, Apollo-TPG/Harrahs Entertainment, Colony Capital/Station Casinos, Fortress/Penn National Gaming.

For further information, please call:

John Gallagher               

Scott Helfman                       

Press and Media Relations, Deutsche Bank

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.