March 17, 2005

Deutsche Bank furthers MBS build-out with hire of Chris Babu

Deutsche Bank today announced that Christopher Babu has joined the firm's Mortgage-Backed Securities Group as a Director in Mortgage Derivatives Trading. Babu joins the firm from Bank of America and has over 8 years experience in mortgage derivatives. He will report to John Roach, Head of Mortgage Derivative Trading, and will be based in New York.

"We are extremely pleased that Chris is joining us. He is a great addition to our team and will further advance our capabilities in derivatives trading," said Anilesh Ahuja, Head of the MBS Group. "His experience and knowledge of the mortgage market will be an enormous asset to our effort as we continue to expand this important product area."

In recent months Deutsche Bank has made several hires within the MBS Group, underscoring the firm's commitment to the industry. Ahuja and Roach joined the firm from RBS Greenwich Capital in October. Other key hires include Maxine Matteo, Co-Head of Correspondent Lending, Mark Appel, Head of Mortgage Analytics, and Amin Majidi, Head of MBS Research.

For further information, please call:
Michele Agostinho 212-250-4864
Media Relations

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With roughly Euro 840 billion in assets and approximately 65,400 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 & business banking franchise in Germany and other selected countries in Continental Europe.

Deutsche Bank Securities Inc. is the investment banking and securities arm of Deutsche Bank AG in the United States.