August 2, 2006

Deutsche Bank hires Mike Ginelli as Head of Product Development for Prime Brokerage in the United States

Deutsche Bank Securities Inc. today announced that Mike Ginelli has joined as a Director and Head of Product Development for Prime Brokerage within the Global Markets division, reporting to Thomas Kerns, Managing Director and Global Head of Client Reporting and Product Integration within Global Prime Services. The Bank also announced the hire of Mahesh Kumar as a Director within the Product Development group, reporting to Ginelli. Both Ginelli and Kumar will be based in New York.

Ginelli joins Deutsche Bank from Barclays Capital where he was a Director in the Prime Services division, where he managed a team responsible for global product and business development issues. Prior to Barclays, Ginelli was a Vice President at Goldman Sachs.

Kumar joins from UBS, where he was the Director of Business Development Initiatives for the Prime Services business. He began his Wall Street career in the Prime Brokerage business at Goldman Sachs.

“I am pleased to add Mike and Mahesh, and I am confident that their extensive prime services experience will complement our industry-leading platform,” said Kerns. “We are constantly seeking fresh perspective on how to further our offering to meet the ever-changing needs of the hedge fund community.”

Ginelli earned a Bachelor of Arts in Political Science from Albright College and a Juris Doctorate from Quinnipiac University School of Law. Kumar earned a Bachelor of Science in Mathematics and a Master of Business Administration in Finance from New York University.

For further information, please call:

Renee Calabro          +1 212-250-5525
Media Relations

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 1,058 billion in assets and 65,435 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.