March 1, 2007

Jeff Dorman to join Deutsche Bank as Head of Global Prime Finance in North America

Deutsche Bank Securities Inc. today announced that Jeff Dorman will join as a Managing Director and Head of Global Prime Finance in North America in the Global Markets’ equities business. In his new role, Dorman will lead Deutsche Bank’s Global Prime Finance business in North America. He will be based in New York and will report to Jonathan Hitchon and Barry Bausano, Co-Heads of Global Prime Finance and Robert Karofksy, Head of Global Markets Equity in North America.

Dorman most recently worked at Bear Stearns as Global Co-Head of Prime Brokerage. Prior to joining Bear Stearns, Dorman spent 18 years at Lehman Brothers, most recently as Head of Domestic and International Prime Brokerage and Equity Finance.

Deutsche Bank also announced that Mark Haas has been promoted to Head of Business Development for Global Prime Finance. In this capacity, Haas will develop the bank’s product strategy for Global Prime Finance, leveraging his over 25 years of industry experience.

“Jeff is a true veteran in the prime brokerage industry, and we are confident that his experience and our mutual dedication to servicing hedge fund clients will build on the momentum we’ve achieved in Global Prime Finance,” said Hitchon.

“Our commitment to providing integrated financing solutions to clients with our leading derivatives expertise and global presence enables us to attract talented professionals like Jeff, and we are very pleased to welcome him to our team,” said Bausano.

For further information, please call:

Renee Calabro        
Media Relations

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 Euro 1,128 billion in assets and 68,849 employees in 73 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.

Deutsche Bank Securities Inc., member NYSE, NASD and SIPC, is the investment banking and securities arm of Deutsche Bank AG in the United States.