October 11, 2006

Laura Trop to join Deutsche Bank Private Wealth Management`s Structured Lending Business

Deutsche Bank today announced that Laura Trop will join the firm’s US Private Wealth Management (PWM) business.  Trop will join PWM as a Managing Director and Head, Commercial Real Estate Lending.  She will be based in New York reporting to Tim Schantz, Managing Director and Head, PWM Structured Lending.    

In this new role, Trop will be responsible for continuing to expand PWM’s structured lending business to real estate developers and entrepreneurs as well as strategically aligning the PWM commercial real estate business within Deutsche Bank’s Global Banking division.

“Laura is a seasoned and well-known real estate professional with strong ties to the commercial real estate community,” said Tom Bowers, Head of US Private Wealth Management. “The strategic development of our real estate lending business is critical to PWM’s success and working in partnership with Global Banking, Laura will be a tremendous asset.”

“Building out this capability in PWM will give our Private Banking clients access to our world class commercial real estate business and open up an important new market for Deutsche Bank,” said Jon Vaccaro, Global Head of Commercial Real Estate for the Global Banking division.

Trop has nearly 25 years of financial services experience and joins the firm from Citigroup’s Private Bank where she was a Director in the Commercial Real Estate Group.  Previously, she was a founder and a Partner of Foray Capital, a real estate consulting firm.  Prior to that, she held a variety of positions at Chemical Bank, Drexel Burnham Lambert and Bankers Trust Company.

Trop earned a BA from Barnard College, Columbia University.

For further information, please call:

Ted Meyer           +1-212-250-7253
Media Relations                

Mayura Hooper       +1-212-250-5536
Media Relations

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 1,058 billion in assets and 65,435 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 Private Wealth Management

Deutsche Bank Private Wealth Management has been serving the interests of wealthy individuals, families and select institutions for more than a century.  With offices across the U.S., Deutsche Bank's Private Wealth Management business division provide a variety of customized solutions to private clients worldwide including traditional and alternative investments, risk management strategies, lending, trust and estate services, wealth transfer planning, family office services, custody and family and philanthropy advisory.  US Private Wealth Management includes the US Private Bank and Deutsche Bank Alex. Brown, the private client services division of Deutsche Bank Securities Inc., the investment banking and securities arm of Deutsche Bank AG in the United States and a member of NYSE, NASD and SIPC.