June 21, 2007

Deutsche Bank hires Agency CMO Trader Peter Strein

Deutsche Bank Securities Inc. today announced that Peter Stein has joined the Bank as a Director in Agency Collateralized Mortgage Obligation (CMO) Trading within its Residential Mortgage Backed Securities Group. He is based in New York and reports to John Critelli, Head of CMO Trading in North America. Stein joins from Bear Stearns where he was a Managing Director in Agency CMO Trading.

“Peter is a tremendous addition to our CMO team,” said Critelli. “His experience trading and structuring agency mortgages in the primary and secondary CMO markets has earned him an excellent reputation in the industry.”

“Agency mortgage-backed securities account for a significant portion of the MBS market, so having a top-notch agency team is essential to our overall trading platform”, said Neil Ahuja, Head of the Residential Mortgage Backed Securities Group in the US. “Peter has a proven track record of success and will strengthen our existing capabilities.”

For further information, please call:

Michele Allison +1-212-250-4864
Media Relations

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 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.