April 4, 2007

Deutsche Bank further strengthens Consumer Investment Banking Group

Marco Habert and Jane DeFlorio To Join as Managing DirectorsDeutsche Bank Securities Inc. today announced it will expand its Consumer Investment Banking group in the Americas, adding Marco Habert and Jane DeFlorio as Managing Directors in New York. Habert will lead the consumer products practice and DeFlorio will focus on the retail sector. Both will report to Keith Wargo and Charles Mcllvaine, Co-Heads of Consumer Investment Banking in the Americas.

Habert will join Deutsche Bank after eight years with Citigroup, where he was a Managing Director in the Consumer Investment Banking group responsible for Household and Personal Care coverage. He earned a BA degree from the City University of New York and an MBA from New York University.

DeFlorio will join from UBS, where she was most recently a Director in the Consumer Retail group responsible for mid- to large-cap retail clients. Prior to joining UBS in 2002, she spent four years with Morgan Stanley. DeFlorio earned a BS in Mechanical Engineering from Notre Dame and an MBA from Harvard Business School.

Earlier today, Deutsche Bank also announced that Bruce Evans will join the firm as a Managing Director in the M&A group. He has worked at Goldman Sachs for 18 years, most recently as a Managing Director in the Consumer Retail Investment group, and has extensive experience in both M&A and the consumer sector.

“We are extremely pleased to add such seasoned professionals to our team as we continue to strengthen our platform across the consumer sector,” said Keith Wargo. “We are confident that their proven track record and deep client relationships will help us expand our market presence and our ability to provide superior advisory services to our clients.”

“The consumer sector is a vibrant and important part of the economy and we expect to see continued consolidation and capital raising activity across the sector,” said Charles Mcllvaine. “Adding highly skilled bankers like Marco, Jane and Bruce will help us build on our success and help our clients to navigate the markets.”

For further information, please call:

Scott Helfman 212-250-5602
John Gallagher 212-250-4516

Media Relations, Deutsche Bank

Deutsche Bank

Deutsche Bank <NYSE: DB> 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 EUR 1,126 billion in assets and 68,849 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.