April 26, 2006

Deutsche Bank further expands its Cash Equity Sales Force in New York

Deutsche Bank Securities, Inc. today announced the hires of Garrett Neubart and Rich Moriarty as Directors and Jill Carnevale as a Vice President in Cash Equity Sales within the Global Markets Institutional Client Group (ICG). Neubart, Moriarty and Carnevale are based in New York and report to Derek Capanna, Head of Global Markets Cash Equity Sales.

Neubart joins Deutsche Bank from Goldman Sachs where he was a Vice President in  Research Sales. Prior to Goldman Sachs, Neubart was a professional baseball player for the New York Mets and the Colorado Rockies organizations from 1995-1999. Neubart earned a BA in Economics from Columbia University.

Moriarty and Carnevale join Deutsche Bank from Susquehanna International Group where Moriarty was a Director and Carnevale a Vice President in institutional equity sales. Prior to joining Susquehanna, both Moriarty and Carnevale held institutional sales positions at Lehman Brothers. Moriarty earned a MA and a BA from the University of Massachusetts at
Amherst and Carnevale earned a BA from the University of Colorado at Boulder.

"These hires mark our continued success in establishing a seasoned sales force that can accommodate the dynamic needs of our institutional and hedge fund clients," said Capanna. "We are extremely pleased to add Garrett, Rich and Jill and I am confident that their experience will prove invaluable to our efforts."

Last month, Deutsche announced several key hires in its equity sales group including Michael Ryan as a Managing Director, Greg Spano as a Director and Stacie Paterson as a Vice President. All joined Deutsche Bank from UBS.

Cash Equity Sales is part of ICG, the client interface with the investor community for the Global Markets division of Deutsche Bank. With approximately 1400 professionals world-wide, ICG is able to access the global capabilities of Deutsche Bank in the interest of client service across all product categories, in both underlying and derivative form, including Credit, Rates, Equities, Money Markets, FX and Commodities.

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.

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.