May 17, 2007

Deutsche Bank expands Hedge Fund Capital Group in North America

Deutsche Bank Securities Inc today announced that Maarten Nederlof has re-joined the bank as a Managing Director in the Hedge Fund Capital Group. He will be based in New York and report to John Dyment, Managing Director and Global Head of the Hedge Fund Capital Group.

Nederlof re-joins Deutsche Bank from K2 Advisors, a hedge fund of funds manager, where he was a Managing Director and a Portfolio Manager. Before he joined K2 Advisors, he was Global Head of the Pension Strategies Group at Deutsche Bank Securities in New York. Prior to working at Deutsche Bank, Nederlof was Head of Investor Risk Management at Capital Market Risk Advisors and began his career as a Quantitative Strategist at Salomon Brothers. He is currently a member of the Investment Committee at the John D. and Catherine T. MacArthur Foundation.

“Maarten's significant institutional investor experience brings a unique expertise to our global hedge fund client base, and I am delighted to welcome him to our team." said Dyment. “In addition, his buy-side perspective will serve to enhance the superb structured derivative solutions we deliver to institutional investor clients around the world."

Deutsche Bank Global Prime Finance was recently named the #2 global prime brokerage provider in the 2007 Global Custodian magazine survey. Since 2002, Deutsche Bank's Hedge Fund Capital Group has been ranked "Best in Class" for Capital Introduction services in Global Custodian's annual Prime Brokerage survey. This year the group ranked first among Capital Introduction teams, earning 10 out of 10 "Best in Class" ratings.

For further information, please call:

Renee Calabro         +1-212-250-5525
Media Relations

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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 73,114 employees in 73 countries, Deutsche Bank offers unparalleled financial services 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.

Deutsche Bank Securities Inc., member NYSE, NASD and SIPC, is the investment banking and securities arm of Deutsche Bank AG in the United States.