June 10, 2008

Thomas Widener joins Deutsche Bank's Natural Resources Group

Deutsche Bank Securities Inc. today announced that Thomas W. Widener has joined the firm’s Global Banking division as a Managing Director and Vice Chairman in the Natural Resources group. He will be responsible for large corporate clients and transactions in the power and utilities sector. He is based in New York and will work with Frank Kinney, Head of Power and Utilities for the Americas.

Widener joins Deutsche Bank from Bear Stearns, where he was a Senior Managing Director and Global Head of the Power & Utilities group. He also oversaw the firm’s alternative energy investment banking activities. Prior to joining Bear Stearns, he spent more than 20 years in investment banking at Merrill Lynch, where he was a Managing Director in the firm’s Energy and Power group.

”Natural Resources is a very important focus for us and an area where we expect to see continued financial activity,” said Jim DeNaut, Head of Global Banking Americas. Adding a highly skilled banker like Tom underscores our long term commitment to this important sector as we continue to grow and expand our market presence in the Americas.”

“Tom is an experienced banker who has developed an excellent reputation for his industry insight and we are confident that he will be a valuable resource to our clients and the bank,” said Jorge Calderon, Co-Head of Global Industry Coverage.

“We are extremely pleased to have Tom on board,” said Michael Hill, Global Co-Head of Natural Resources. “He has a very impressive background and will make a great addition to our team as we continue to build on our successes and better serve our clients across the sector.”

Widener earned a BA from the University of Virginia.

For further information, please call:

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

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