October 21, 2007

Deutsche Bank Global Transaction Banking expands its treasury sales presence in the United States

Announcing 14 new people – 10 corporate cash management sales and 4 trade finance sales

Deutsche Bank Global Transaction Banking (GTB) today announced that it has expanded its treasury sales team in the United States by creating 14 new treasury sales positions in key US locations – New York and San Francisco. Ten of these professionals are focused on corporate cash management sales and four are dedicated to trade finance sales. Eight of the corporate cash management sales officers are based in New York and two are in San Francisco. Of the trade finance officers, three are located in New York and one is in San Francisco.

Marilyn Spearing, Head of Trade Finance and Cash Management Corporates, GTB, Deutsche Bank said, “The Americas region is a critical part of Deutsche Bank’s overall global transaction banking network. We have been investing steadily in our treasury sales presence in cash management and trade finance but we made the strategic decision to intensify that investment in 2007 by creating more than a dozen new sales roles. We expect to be able to penetrate the Americas market even further with our expanded sales force in the US.”

Michael Spiegel, Americas Head of Trade Finance and Cash Management Corporates, GTB, Deutsche Bank, said, “We have strengthened our sales presence in the US to be closer to our existing and prospective customers. These individuals are responsible for growing our business by industry focus. They are located on the East and West coasts of the States so that together they can support our clients in their own time zone while understanding their specialized requirements.”

For further information, please contact:

Deutsche Bank

John Gallagher +1 212 250 4516

About 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 75,140 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.

Global Transaction Banking (GTB) comprises commercial banking products and services for corporate clients and financial institutions, including domestic and cross-border payments, professional risk mitigation for international trade, asset and liability management and the provision of trust, agency, depositary, custody and related services. Business units include Cash Management, Trade Finance, Trust & Securities Services and Capital Market Sales. We employ over 3,800 professionals in more than 35 countries.