May 17, 2007

Kevin Harrison to join Deutsche Bank Global Prime Finance as Head of Financing

Deutsche Bank Securities, Inc. today announced that Kevin Harrison will join as a Managing Director and Head of Financing within the bank’s Global Prime Finance business in the Global Markets division. Harrison will be based in New York and report to Jeff Dorman, Head of Global Prime Finance North America, who starts working at Deutsche Bank this month.

As Head of Financing, Harrison will be responsible for managing equity financing within Deutsche Bank's Global Prime Finance business. He will join from Bear Stearns, where he is a Senior Managing Director in Equity Financing within the prime brokerage group. Prior to joining Bear Stearns, Harrison was a Managing Director and Global Head of Equity Funding at Lehman Brothers, where he was responsible for all global equity funding, management of regulatory and cash capital and balance sheet activities for the equities division. At Lehman Brothers, Harrison was also a member of the Asset Liability Committee which was responsible for managing the Firm's financial resources globally. Harrison holds degrees in Civil Engineering and Finance from the University of North Florida.

“It is evident that the tremendous strides we are making with our award-winning Global Prime Finance business have attracted many prime brokerage industry leaders to our team,” said Barry Bausano, Co-Head of Global Prime Finance. “It is with great pleasure that I welcome Jeff and Kevin, and I have the utmost confidence that they will further enhance the superb product suite we consistently deliver our hedge fund clients.”

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.