April 6, 2006

Steve Wang joins Deutsche Bank`s Commodities group

Deutsche Bank today announced that Steve Wang has joined the bank's Commodities group within its Global Markets division as a Director in U.S. Power Trading, where he will focus on Northeast Power.  Wang is based in New York and reports to Foster Smith, Managing Director and Head of U.S. Power and Natural Gas Trading.  

Wang joins the bank from Cinergy Marketing & Trading in Houston, Texas, where he was a natural gas derivatives trader.  Prior to that, he held power trading positions at RWE Americas, UBS Warburg, Merchant Energy Group of the Americas, Williams Energy Services and Enserch Energy Services. 

"Steve is a great addition to our team and will further enhance our power trading capabilities in this growing market," said Smith. "His extensive knowledge of power and gas and experience trading options on these commodities in all economic conditions has earned him an excellent reputation in the industry."
"This hire exemplifies our ability to attract high-caliber traders to our commodities business," added Mark Ritter, Managing Director and Global Head of Commodities. "Steve's breadth of experience will be a great asset to our clients and further enable us to build upon a leading global power and gas trading franchise."

Wang earned a BS from the Wharton School of the University of Pennsylvania.


For further information, please call:

Michele Allison 001-212-250-4864
Media Relations

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.