March 22, 2007

Deutsche Bank Global Prime Finance ranks second in Global Custodian 2007 Prime Brokerage Survey

Deutsche Bank today announced its Global Prime Finance business within its Global Markets division received seventy-five “Best In Class”* awards and achieved “Top Rated”** status among global prime brokerage providers in every category of the Global Custodian 2007 Prime Brokerage Survey.

2007 Survey Highlights for Deutsche Bank Global Prime Finance:

• #2 Global prime brokerage provider
• #2 amongst Global providers in North America, #1 in Asia ex-Japan, #2 in Japan and #3
  in Europe
• Top 3 amongst Global providers in 100% of categories
• 75 out of 90 “Best in Class” awards

The 2007 Global Custodian survey also recognized the consistency and comprehensiveness of Deutsche Bank’s results in editorial commentary. Global Custodian writes: “Deutsche proves that 2006 was no fluke. It ranks second among global providers in the survey as a whole and in the top three in every region.” Global Custodian also notes one client described Deutsche Bank Global Prime Finance as: ‘Overall the strongest team on Wall Street.’

“We are pleased with this result, which reaffirms our status as a market-leading prime brokerage provider across an increasingly sophisticated, globally-focused hedge fund industry,” said Jon Hitchon, London-based Co-Head of Global Prime Finance.

"Deutsche Bank is an industry leader, serving the most sophisticated hedge fund clients across the globe, and from our unique vantage point we observe several trends in the marketplace. Our hedge fund clients are seeking investment opportunities in more exotic locales and many multi-strategy funds are utilizing derivative-based financing methods to achieve alpha," Barry Bausano, New York-based Co-Head of Global Prime Finance.
“These trends coincide with two of our core strengths, our ability to provide access to 90% of the world’s investable markets and our synthetic financing expertise.”

* “Best in Class” awards single out prime brokers for excellence in servicing hedge funds in nine of the service areas in 10 separate categories of AUM: less than $100 million, $100 million - $1 billion, more than $1 billion, single strategy and multi-strategy categories.

** In order to achieve “Top Rated” status, a prime broker must achieve an overall weighted average that equals or betters the combined overall weighted average score of all providers.

For further information, please call:

Renee Calabro         +1-212-250-5525
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 1,128 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.