February 14, 2006

Deutsche Bank builds out Securitized Products Group in Canada

James Joyce and Don Scott Join the Bank's New Canadian Securitization Group From CIBCDeutsche Bank Securities Inc. today announced that James Joyce and Don Scott have joined as Directors in the Securitized Products Group within the bank's Global Markets Division. Scott, who oversees the newly formed group, and Joyce are based in Toronto, Ontario and responsible for origination, structuring and execution of asset backed transactions in both the capital markets and conduit market. They report to Frank Byrne, Global Head of Asset Finance, who is based in New York.

Joyce and Scott join the bank from CIBC where they were Executive Directors in the Canadian Securitization Group. Prior to joining CIBC in 1998, Joyce was a Structured Finance Analyst at Union Bank of Switzerland. Scott joined CIBC from FirstLine Trust in 1993 and prior to that was at the Toronto-Dominion Bank.

"Don and James have over 20 years of combined experience in the Canadian securitization market and will be integral to our growth in the Canadian asset backed market," said Byrne. "Their product knowledge and strong client relationships will be invaluable to issuers and investors alike."

Joyce holds a Bachelor of Commerce from McMaster University in Hamilton, Canada and an MBA from the University of Toronto in Toronto, Canada. Scott holds a BS and MBA from Dalhousie University in Halifax, Nova Scotia.

For further information, please call:

Michele Allison
Media Relations

Deutsche Bank

With Euro 993 billion in assets and 63,427 employees, Deutsche Bank offers unparalleled financial services in 74 countries throughout the world. 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 ranks among the global leaders in corporate banking and securities, transaction banking, asset management, and private wealth management, and has a significant private and business banking franchise in Germany and other selected countries in Continental Europe.