April 18, 2006

Deutsche Bank hires Stephen Cunningham as Head of Corporate Finance and M&A for Latin America

Deutsche Bank Securities Inc. today announced that Stephen Cunningham has joined the firm as a Managing Director and Head of Corporate Finance and M&A for Latin America. Cunningham will be based in New York and report to Pablo Calderini, Global Head of Emerging Markets, and James DeNaut, Co-Head of Corporate Finance Coverage in the Americas.

Cunningham joined Deutsche Bank after 10 years at Morgan Stanley, where he was Head of Investment Banking for Latin America. During that time he was involved in notable transactions such as the privatizations of Telebras and the electric utility industry for the State of Sao Paulo, the acquisition of Panamco by Coca-Cola Femsa, the sale of Hylsamex, S.A. de CV to The Techint Group, and restructurings for Telecom Argentina S.A., Transener S.A., Loma Negra C.I.A. and Alestra S.A. de CV. He has also worked on bond offerings for issuers such as the Republic of Brazil, Petroleo Brasileiro S.A.(Petrobras) and Petroleos Mexicanos (Pemex) and equity offerings for Fomento Economico Mexicano S.A. de CV (Femsa), Cosan S.A., Quiñenco S.A., Embraer S.A., Utrapar Participações S.A. (Grupo Ultra), União de Bancos Brasileiros (Unibanco) and Distribucion & Servicio D&S S.A.  Before that he worked at Bear, Stearns & Co. Inc. for 12 years where he was responsible for international investment banking.

"Latin America is an important growth market for us, and Steve has the experience and relationships to make an immediate impact on our franchise there," said DeNaut. "We are extremely pleased to have him join our growing team."

"Adding a highly skilled banker like Steve is further evidence of our commitment to the Latin American market," said Calderini. "He will help us to leverage our existing strength in the Latin debt markets to accelerate our growth in the increasingly active M&A and equity capital markets."

Cunningham earned a BA degree from the University of Rhode Island and an MBA from Columbia University. He is a member of the Argentine-American Chamber of Commerce, the Brazilian-American Chamber of Commerce, the Colombian-American Association and the Smithsonian National Latino Board.


For further information, please call:

Ted Meyer   001-212-250-7253
Media Relations, Deutsche Bank


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 992 billion in assets and 63,427 employees, Deutsche Bank offers unparalleled financial services in 73 countries 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.