January 2, 2007

Deutsche Bank hires Peter Babej as Head of Insurance Investment Banking for the Americas

Deutsche Bank Securities Inc. today announced that Peter Babej has joined the Financial Institutions Group (FIG) as Head of Insurance Investment Banking for the Americas. He will also chair Deutsche Bank’s newly constituted Global Insurance Committee within FIG. Babej is based in New York and reports to Jorge Calderon, Global Head of FIG.

Babej joins Deutsche Bank after 11 years with Lazard Freres, where he was a Managing Director responsible for advising clients in the insurance industry. Before Lazard, he worked in the financial institutions group at Goldman Sachs and as a corporate attorney at Cravath, Swaine & Moore. Babej has advised nearly all types of FIG clients including insurance companies, banks, asset managers and broker dealers.

“Peter’s broad M&A experience and his advisory relationships complement our existing strengths in global capital markets and in providing risk management solutions for the insurance industry,” said Calderon. “He has a proven track record and in-depth knowledge of the industry that are invaluable to our franchise and adds an important cornerstone to our FIG–Americas strategy.”

Babej earned a JD and PhD from Harvard University and a BA from Princeton.  

For further information, please call:

Deutsche Bank

Press and Media Relations

Ted Meyer       +1-212-250-7253
Scott Helfman   +1-212-250-5602

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 Euro 1,097 billion in assets and 67,474 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.