March 5, 2010

Steve Abrahams joins Deutsche Bank as Head of Securitization and Mortgage-Backed Securities Research in the US

Deutsche Bank Securities Inc. today announced that Steve Abrahams has joined as a Managing Director and Head of Securitization and Mortgage-Backed Securities Research within the firm’s Global Markets division. He is based in New York and reports to Marcel Cassard, Managing Director and Global Head of Macro and Fixed Income Research.

Abrahams joins Deutsche Bank with almost 20 years of securitization research and portfolio management experience, and was most recently the Founder and a Managing Director at Citadel Capital Advisors. Before that, he was the Global Head of Liquid Product Strategy at Bear Stearns. He was previously a credit portfolio manager at Freddie Mac and a senior analyst at Morgan Stanley.

“Steve is a very well-known and respected securitization expert and we are thrilled to add him to our US team,” said Michele Faissola, Managing Director and Global Head of Rates. "He is an industry veteran who has watched the securitization markets grow and evolve through several market cycles. This first-hand knowledge will further develop our market research and greatly benefit our institutional clients globally.”

For further information, please call:

Deutsche Bank
Media Relations
Michele Allison
+1 212-250-4864

About 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 77,053 employees in 72 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.