May 2, 2006

Rob Flatley joins Deutsche Bank as Head of Global Electronic Execution

Deutsche Bank Securities Inc. today announced that Rob Flatley has joined the firm as a Managing Director and Head of Global Electronic Execution for the Equity asset class. Flatley will be based in New York, reporting to Jon Hitchon, Head of Global Prime Services and Robert Karofsky, Head of Global Markets Equity in North America.

Flatley joins Deutsche Bank from Banc of America Securities, where he was a Managing Director in Electronic Trading Services. In that role, he oversaw various aspects of the firm's expansion into algorithmic trading and direct market access (DMA) for equities and derivatives. Before joining Banc of America, he was the Chief Operating Officer of Macgregor, a Boston order management firm.

"We are seeing an increasing demand from hedge fund clients for electronic execution services, and I am thrilled to add a highly skilled executive like Rob to take a central role in defining our global equities electronic execution strategy," said Hitchon. "Along with our increased investment in Global Prime Services, equities electronic execution is also a central focus for Deutsche Bank."

Deutsche Bank also announced the appointment of Ralf Roth as Head of Business Development for Global Equities Electronic Execution within Global Prime Services. In this role, Roth will work closely with Flatley to enhance Deutsche Bank?s global equities electronic execution capabilities.

"Deutsche Bank is dedicated to providing leading equities electronic execution trading solutions to clients," said Karofsky. "Rob's proven ability to implement successful algorithmic and DMA platforms will be invaluable as we increase our capabilities in this area."

Global Markets Equity (GME) provides high-quality equity and equity-linked products to institutional, corporate and retail clients globally. GME's seven global product lines are Equity Trading, Synthetic Equity, Equity Derivatives, Complex Equity, Structuring, Quantitative Products and Prime Services.


For further information, please call:

Renee Calabro           001-212-250-5525
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 Euro 992 billion in assets and 63,427 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.