April 3, 2006

Deutsche Bank expands Cash Equity Sales Team in New York

Deutsche Bank Securities, Inc. today announced the hires of Michael Ryan as a Managing Director, Greg Spano as a Director and Stacie Paterson as a Vice President within the Global Markets Division's Cash Equity Sales team. Ryan, Spano and Paterson will be based in New York, reporting to Derek Capanna, Head of Global Markets Cash Equity Sales in North America.

Ryan, Spano and Paterson join from UBS where Ryan and Spano were Executive Directors and Paterson a Director in Institutional Equity Sales. Prior to joining UBS in 1999, Ryan held sales positions at Alex. Brown, Rand McNally Media and Xerox Corporation. Spano joined UBS in 1992 and previously held sales positions at Legg Mason Wood Walker and Dean Witter Reynolds. Paterson joined UBS in 1999 as an equity research analyst covering the medical device industry and was previously a senior business analyst at Navigant Consulting.

"As we continue to strengthen our equity franchise in New York, it's imperative that we build out our sales force by adding individuals with proven talent and experience," said Capanna. "We are thrilled to add Mike, Greg and Stacie to our team and I am confident that their addition will fortify the existing superb service we provide to our institutional clients."

Americas Cash Equity Sales is part of Deutsche Bank's Institutional Client Group (ICG). ICG is the client interface with the investor community for Deutsche Bank's Global Markets division. With around 1300 professionals world-wide, ICG is able to access the global capabilities of Deutsche Bank in the service of client interests across all product categories including cash equities, credit derivatives, emerging markets, equity derivatives, fixed income, foreign exchange, OTC derivatives, prime services and money markets.

For further information, please call:

Renee Calabro 212-250-5525
Media Relations

About 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.