May 17, 2007

Jonathan Rose to lead West Coast Global Prime Finance Sales in San Francisco

Deutsche Bank Securities Inc today announced Jonathan Rose will join as a Director and Head of West Coast Global Prime Finance Sales. He will be based in San Francisco and report to Chris Sharp, Director.

Rose joins Deutsche Bank after working at Morgan Stanley for seven years, most recently as an Executive Director in Prime Brokerage Sales in San Francisco. Prior to that, Rose was a Vice President in Morgan Stanley’s Client Consulting Services & Startup Consulting Services business.

The West Coast Global Prime Finance team, which will include sales, relationship management and client service professionals, will be aligned with the existing San Francisco sales force to deliver a seamless product suite to clients.

“The West Coast is an important region, and we are confident that Jon’s deep experience and market knowledge will be a great addition to our existing sales team in North America,” said Scott Carter, Managing Director and Head of Global Prime Finance Sales, North America.

Deutsche Bank Global Prime Finance was recently named the #2 global prime brokerage provider in the 2007 Global Custodian magazine survey.

For further information, please call:

Renee Calabro         +1-212-250-5525
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 73,114 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.