July 26, 2006

Deutsche Bank significantly strengthens Prime Brokerage

Mel Gunewardena Joins from Goldman Sachs to Build Fixed Income Prime BrokerageDeutsche Bank Securities Inc. today announced that Mel Gunewardena has joined as a Managing Director and Global Head of Fixed Income Prime Brokerage within the Global Markets division. As the Global Head of Fixed-Income Prime Brokerage, Gunewardena will build a fully-integrated Fixed-Income Prime Brokerage which will offer hedge fund clients access to Deutsche Bank's industry-leading fixed income products. Fixed-income prime brokerage is a division of Global Finance which is headed by Alan Cloete, Managing Director. Gunewardena is based in New York.

Gunewardena joins the Bank after 12 years at Goldman Sachs, where he was most recently Managing Director and Global Head of Fixed Income Derivatives Prime Brokerage. During his tenure at Goldman Sachs, Gunewardena was instrumental in the establishment of prime brokerage for derivatives products. He has served on the Boards of CLS Bank International and Market Partners and has been active in senior steering groups at the International Swaps and Derivatives Association, the Federal Reserve Foreign Exchange Committee, and the Depository Trust & Clearing Corporation. Prior to joining Goldman Sachs, Gunewardena was Vice President and Head of Investment Banking Operations at Chase Investment Bank in London.

"Launching a fixed-income prime brokerage business and hiring a world-class professional like Mel marks Deutsche Bank's continued determination to provide hedge fund clients with the widest array of investment solutions," said Alan Cloete, Managing Director and Head of Global Finance. "I have the utmost confidence in Mel to successfully draw on his vast experience within the prime brokerage industry to build a fixed-income prime brokerage business that will further serve the needs of our hedge fund clients."

For further information, please call:

Renee Calabro
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 1,035 billion in assets and 64,103 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.