May 30, 2006

Deutsche Bank to add Ajay V. Shah to its Technology Investment Banking group

Deutsche Bank Securities Inc. today announced that Ajay V. Shah will join the firm in San Francisco as a Director in the Technology Investment Banking group. Shah will be jointly responsible for the Global Communications Technology practice with Brian Host, Managing Director who heads the Global Communications Technology business and will contribute to the seamless coverage of the largest and most important communications technology companies on a global basis.

Shah has more than seven years of experience in technology investment banking and over 15 years in the technology sector. Most recently, he was an Executive Director and Head of the West Coast Communications Technology group at UBS where he was responsible for sector coverage and involved with global communication technology efforts. Prior to UBS, Ajay worked in the Technology group at Credit Suisse where he helped raise public and private capital for communication infrastructure companies and led several financing, M&A and private equity transactions."

"The communications sector is an important and rapidly changing part of the technology landscape, so we are extremely pleased to add a talented banker like Ajay to our team," said Tor Braham, Managing Director and Head of Technology M&A. "With his wide-ranging client relationships and substantial industry experience, he will be a valuable resource for our clients and the bank."

"We are extremely pleased to have Ajay on board as we continue to see an increase in M&A and capital raising activity across the communications sector," said Chris Colpitts, Co-Head of Technology Investment Banking. "His experience in the industry and proven track record will help us expand our market presence and strengthen our ability to provide superior advisory services to our clients."

Shah earned a BS in Electrical Engineering from the University of Bombay, an MS in Computer Engineering from North Carolina State University and an MBA from The Wharton School of Business at the University of Pennsylvania.


For further information, please call:

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

Scott Helfman           001-212-250-5602
Media Relations, Deutsche Bank



About 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 1,035 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.