November 4, 2008

William Curley and Anthony Viscardi join Deutsche Bank's Financial Institutions Coverage Group

Six New Hires Substantially Expand Bank’s FIG Coverage Capabilities

Deutsche Bank Securities Inc. today announced that William Curley and Anthony Viscardi have joined the firm’s Global Banking division as Managing Directors in the Financial Institutions Group, responsible for mortgage finance sector coverage. They are based in New York.

Curley joins from Lehman Brothers, where he was a Managing Director and head of the firm's mortgage banking advisory practice. He has over 19 years of investment banking experience and was the founding member of Cohane Rafferty Securities, a boutique investment banking firm dedicated to advisory mergers and acquisitions in the mortgage banking sector which was acquired by Lehman in 2002.

Viscardi also joins from Lehman Brothers, where he was a Managing Director in the Financial Institutions Group with responsibility for coverage in the non-bank finance sector. He has worked in investment banking since 1988 and, while at Lehman, he was responsible for coverage of some of the firm's most significant clients.

“Both Bill and Tony are outstanding bankers in the financial institutions space, and their addition to Deutsche Bank’s FIG platform will substantially enhance our coverage capabilities in this sector,” said Jorge Calderon, Co-Head of Global Industry Coverage and Global Head of the Financial Institutions Group at Deutsche Bank. “They bring extensive advisory experience and strong client relationships in an area where we are already seeing significant activity, and we’re extremely excited to have them join the franchise.”

In addition, Deutsche Bank has hired several other FIG specialists from Lehman Brothers, all of whom will be based in New York. The additional team members are as follows:

Matthew Monahan joins as a Director. Monahan was previously a Senior Vice President in Lehman's Structured Asset Solutions Group and worked closely with Curley at Cohane Rafferty. Monahan brings extensive advisory and transactional experience in the mortgage finance sector.

Peter Salwin joins as a Vice President, working with the FIG team in both specialty and mortgage finance. Prior to joining Deutsche Bank, Salwin worked in Lehman's Financial Institutions Group since joining as an analyst in 2000. Daniel Zimbaldi also joins as a Vice President, focusing on the mortgage finance sector. Zimbaldi has worked in investment banking since 1999. Last, Brendan Sheldon joins as an Associate and will work across both the specialty and mortgage finance sectors.

For further information, please call:

John Gallagher

Scott Helfman

Media Relations, Deutsche Bank

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 81,308 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.