May 1, 2006

Deutsche Bank expands its Integrated Investment Solutions Group with two hires

Deutsche Bank Securities, Inc. today announced the hires of Keith Cunningham and Devin Toth as Directors in the Integrated Investment Solutions Group within Global Markets Equity Structuring. Cunningham will be responsible for structuring products for institutional investors and Toth will be responsible for structuring products for Canadian investors. Both will be based in New York and report to Christopher Yeagley, Director and Head of the Integrated Investment Solutions Group in the Americas.

Cunningham re-joins Deutsche Bank from Lehman Brothers, where he was a Vice President in the Structured Equity Solutions group. Cunningham had also worked as part of the Equity Structured Solutions and Equity-Linked Capital Markets groups at Merrill Lynch. He earned a BS in Economics from Carnegie Mellon University.

oth joins from CIBC World Markets where he was an Executive Director in the Fixed Income and Equity Structured Products group in Toronto. Prior to that, he worked in Fixed Income and Equity Sales and Trading at ScotiaMcLeod. Toth earned an MA in Economics from McGill University and a BA from University of Regina, Saskatchewan.

"We believe both retail and institutional investors benefit from utilizing structured products in their investment portfolios," said Yeagley. "By adding Devin and Keith to our team, we significantly increase our ability to realize these benefits for more of Deutsche Bank's clients."

Global Markets Equity (GME) provides high-quality equity and equity-linked products to institutional, corporate and retail clients globally. GME's seven global product lines are Equity Trading, Synthetic Equity, Equity Derivatives, Complex Equity, Structuring, Quantitative Products and Prime Services. The Integrated Investment Solutions group, which is part of GME Structuring, provides highly tailored structures to retail and institutional clients, with a fully risk-integrated approach.

For further information, please call:

Renee Calabro 212-250-5525
Media Relations

About 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 992 billion in assets and 63,427 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.