June 28, 2007

Deutsche Bank Global Prime Finance to add five in New York

Continues expansion of Global Prime Finance with hires in Securities Lending,
Risk Management, Relationship Management and Product Development

Deutsche Bank Securities, Inc. today announced it will add five senior bankers within Global Prime Finance, continuing the Bank’s substantial investment in its prime brokerage business, all will be based in New York.

Anthony Demonte has joined as a Director in Securities Lending, reporting to Paul Busby and Keith Babbitt, Co-Heads of Securities Lending in North America. Demonte joined from Lehman Brothers, where he worked for nine years in the capital markets prime services group, most recently as a senior vice president.

Tom Filipovits will join as a Director in the Client Management group, reporting to Timothy Lennon, Head of Client Management in the United States. Filipovits will join from Morgan Stanley, where he has worked for a year in their client solutions group. Prior to joining Morgan Stanley, Filipovits worked for six years at Goldman Sachs as a
product development manager.

Keith Weintraub will join as a Director in Risk Management, reporting to Satish Ramakrishna, Global Head of Risk for Global Prime Finance. Weintraub will join from Citigroup, where he was a director and head of development for the securitization group. Prior to working at Citigroup, Weintraub was a quantitative risk manager at Archeus Capital Management and previously spent 17 years at Citigroup in various roles within risk and analytics.

EJ Liotta will join as a Director in the Product Development group, reporting to Mike Ginelli, Global Head of Product Development. Liotta will join from Merrill Lynch where he has worked for a year as a director responsible for prime brokerage technology. Prior to joining Merrill Lynch, Liotta worked at Barclays Capital for five years in the equity finance and prime brokerage group.

John Dewey will join as a Director in Product Management, reporting to Jeff Dorman, Head of Global Prime Finance, North America and Chris East, Director. Dewey will join from Lehman Brothers where he has worked for the past six years in the capital markets prime services group.

“With a superior integrated platform and a well-established global presence, Deutsche Bank is uniquely positioned to be a dominant provider of services to hedge fund clients,” said Barry Bausano, Co-Head of Global Prime Finance. “I am pleased to welcome these five seasoned executives to our team and I am confident that each will play an important role as we continue to expand the business.”

Earlier this year, Deutsche Bank Global Prime Finance was named the #2 global provider of prime brokerage services to hedge fund clients by Global Custodian magazine.

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 73,114 employees in 75 countries, 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 Securities Inc., member NYSE, NASD and SIPC, is the investment banking and securities arm of Deutsche Bank AG in the United States.