September 13, 2005

Deutsche Bank names Derek Capanna Head of Americas Cash Equity Sales

Deutsche Bank Securities Inc. today announced that it has named Derek Capanna, Managing Director, as Head of Americas Cash Equity Sales within the Global Markets division. In his new role, Capanna oversees all generalist equity sales in the United States, Latin America and Canada. Capanna is based in New York and reports to Fred Brettschneider, Head of the Institutional Client Group, Americas and to Robert Karofsky and David Manlowe, Co-Heads of Americas Cash Equities.

Capanna was previously Regional Head of Institutional Equities Sales for U.S. Central and West Coast Regions. In his new role as Head of Americas Cash Equity Sales, Capanna will continue to expand the bank's product platform with innovative equity products for Deutsche Bank debt and equity institutional clients.

"The market insight and dedication to clients Derek has shown during his years at the firm gives me great confidence that he will thrive in this role," said David Manlowe, Americas Co-Head of Equities.

Deutsche Bank also announced that its Institutional Client Group (ICG) will now include Americas Cash Equity Sales, marking a continuing drive to enhance the capabilities and global distribution the group provides as the single face to the asset buying customer.

"The consolidation of institutional client coverage into a single, independent, globally-threaded unit has been a cornerstone of Global Markets' success for many years," said Fred Brettschneider, Head of ICG. "Adding our Americas Cash Equities Sales group to ICG will further leverage our ability to cross-sell equity products to both debt and equity institutional clients and will reinforce the global link of our equity sales force."


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Media Relations
Renee Calabro

About Deutsche Bank

With Euro 964 billion in assets and 63,652 employees, Deutsche Bank offers unparalleled financial services in 74 countries throughout the world. 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 ranks among the global leaders in corporate banking and securities, transaction banking, asset management, and private wealth management, and has a significant private and business banking franchise in Germany and other selected countries in Continental Europe.

Deutsche Bank Securities Inc. is the investment banking and securities arm of Deutsche Bank AG in the United States.