October 7, 2008

Paul Stefanick to join Deutsche Bank as Global Head of Industrial Group

Deutsche Bank Securities Inc. today announced that Paul Stefanick will join the firm’s Global Banking division as a Managing Director and Global Head of the Industrials Group. He will also serve as a member of both the Global Banking Executive Committee and the Global Banking Americas Executive Committee. He will be based in New York and report to Jacques Brand, Co-Head of Global Industry Coverage at Deutsche Bank.

Stefanick joins Deutsche Bank from Merrill Lynch, where he has been a Managing Director and Chairman of Global Mergers & Acquisitions since May 2005. He joined Merrill’s M&A group in 1988 and has advised on numerous merger, acquisition, sale, divestiture, takeover defense and recapitalization assignments, primarily in the industrials and technology sectors globally. He will join Deutsche Bank in January 2009 following completion of a notice period.

“We are delighted to have an executive of Paul’s caliber join our corporate coverage franchise,” said Brand. “He is a strong leader and a trusted advisor to CEOs and Boards of many important global clients, particularly in the industrials sector which is a key area of focus for Deutsche Bank.”

“This year, we have made several appointments that have significantly strengthened our Industrials coverage, and Paul’s appointment as Global Head of Industrials is an excellent extension of that effort,” said Jim DeNaut, Head of Global Banking in the Americas. “Deutsche Bank is now a leading investment bank in the Americas and is attracting significant talent to the platform. Our market leadership is evidenced by our lead advisory role on several complex transactions and our steady climb in the M&A league tables during this turbulent market.”

Stefanick earned a Bachelors degree from the University of Notre Dame in 1982 and an MBA from The Wharton School of the University of Pennsylvania in 1988.

For further information, please call:

John Gallagher 212-250-4516
Scott Helfman 212-250-5602
Media Relations, Deutsche Bank

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 80,253 employees in 75 countries, Deutsche 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, FINRA and SIPC, is the investment banking and securities arm of Deutsche Bank AG in the United States.