June 2, 2006

Deutsche Bank appoints Neil Servis as Managing Director and Global Head of Managed Synthetic CDO Origination & Distribution

Deutsche Bank today announced the appointment of Neil Servis as Managing Director and Global Head of Managed Synthetic CDO Origination & Distribution.  Neil will focus primarily on originating and distributing publicly managed synthetic CDOs for Deutsche Bank.  Servis will be based in London and will report to Fritz Thomas, Managing Director and Head of Europe & Asia for the CDO Group.  In addition, Servis will also co-head European CDO Origination & Distribution alongside Fritz Thomas.

Neil brings more than eleven years of experience in credit markets to Deutsche Bank. He was most recently at Citigroup, where he was responsible for the European Structured Credit Syndicate and European CLO business.  Prior to joining Citigroup, Neil spent seven years with JP Morgan Chase structuring, marketing and trading a variety of Structured Credit Products.

"Deutsche Bank's structuring sophistication in both cash and synthetic CDOs will be enhanced by Neil's extensive experience," commented Richard d'Albert, Global Head of Securitised Product Group. "Neil has earned a reputation as a leading adviser with strong expertise in both the European synthetic and cash CDO market.  His experience will be integral to strengthening the bank's presence in these areas."

For further information, please call:

Deutsche Bank

Anna Watson    (44 20) 7547 2603
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.