June 23, 2008

Deutsche Bank strengthens Midwest M&A and Corporate Coverage

Randy Kurtz and Frank Oelerich join as Head of Corporate Finance Coverage in the Midwest Region and Head of Midwest M&A, respectively; Charles Denison appointed Chairman of Global Banking in the Midwest Region

Deutsche Bank Securities Inc. today announced key hires and appointments to further strengthen the firm’s corporate finance coverage and mergers & acquisitions (M&A) capabilities in the Midwest region of the US.

Randy Kurtz will join the firm’s Global Banking division on August 26 as a Managing Director and Head of Corporate Finance Coverage in the Midwest region. He will be based in Chicago and will report to Jacques Brand, Co-Head of Global Industry Coverage, and to Jim DeNaut, Head of Global Banking Americas. In addition, Frank Oelerich has joined as a Managing Director and Head of Midwest M&A in the Mergers and Acquisitions group. He is based in Chicago, reporting to Jean Manas, Head of M&A in the Americas.

In addition to these hires, Charles Denison, currently Head of Midwest Coverage and Co-Head of the Industrials group at Deutsche Bank, has been appointed Chairman of Global Banking in the Midwest region, reporting to Jim DeNaut.  Denison, based in Chicago, has over 25 years of experience covering the industrials sector and has established deep relationships with the bank’s clients in the Midwest.

Kurtz will join from Credit Suisse, where he was Co-Head of the Diversified Industrials group.  He has over twenty years of experience as an investment banker, having built and run Salomon Brothers’ Capital Goods practice before joining Credit Suisse in June 2004. Oelerich joins the firm after 25 years with Morgan Stanley, where he was most recently a Managing Director in the M&A group responsible for originating and executing M&A transactions across the Midwest.

“Charlie’s long-time experience, expertise, and leadership have helped generate outstanding results for the bank and, more importantly, for our clients,” said DeNaut.  “Frank and Randy are both fantastic bankers, and we’re confident that the addition of these individuals to our Midwest team will continue the momentum that we’ve built in our banking practice in Chicago.”

“The Midwest is a significant market for us as we build on the successes of our M&A and corporate finance businesses in the Americas,” said Brand. “Adding bankers of this calibre demonstrates our ongoing commitment to the region and enhances our client focus capabilities in this important market.”

“Over the past two years, our M&A advisory business in the Americas has experienced very substantial momentum,” said Manas.  “These hires underscore our continuing investment in the bank's advisory franchise and they will doubtless enhance both our corporate finance and M&A activities going forward.”

Kurtz earned a MBA in Finance from the Graduate School of Business at the University of Chicago.  Oelerich earned a BBA in Finance and Business Economics from the University of Notre Dame and an MBA from Harvard Business School. 

For further information, please call:

Media Relations, Deutsche Bank

John Gallagher  +1 212-250-4516
Scott Helfman   +1 212-250-5602

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 78,275 employees in 76 countries, 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, FINRA and SIPC, is the investment banking and securities arm of Deutsche Bank AG in the United States.