June 7, 2007

Deutsche Securities appoints Koichiro Yasuda as Head of Corporate Finance, Japan

Deutsche Securities Inc. (DSI), today announced the appointment of Koichiro Yasuda as Head of Corporate Finance in Japan, effective from June 6. Mr. Yasuda will report to David Hatt, President & CEO of DSI.

Prior to his new appointment, Mr. Yasuda was Co-Head of the M&A practice at DSI, a position he took-up in September 2006. Before joining DSI, Mr. Yasuda had gained extensive experience in advising Japanese corporations. He holds a commensurately senior portfolio of client relationships and a track-record of involvement in some of Japan’s most important mergers & acquisitions, corporate revitalizations and other transactions of recent years.

Commenting on this appointment, David Hatt said, “The growing sophistication of Japan’s capital markets and an increasing focus on shareholder value is the perfect backdrop for investment banking opportunities. Koichiro’s experience, relationships and leadership will drive Corporate Finance to offer ever more innovative and excellent solutions to meet the increasingly complex needs of our clients and thereby contribute significantly to the growth of the overall Japan franchise.”

For further information, please call:

Deutsche Securities Inc.
Seiko Adachi / Aston Bridgman (81 3) 5156 7705/7709
Communications, Region Japan

About 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 73,114 employees in 75 countries, Deutsche Bank offers unparalleled financial services 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.

In Japan, Deutsche Bank Group is engaged primarily in investment banking for corporate and institutional clients, corporate banking and asset management. The Group employs about 1,201 people.