Deutsche Bank Expands U.S. Equity Private Placement and PIPE Practice; Three Senior Private Placement and PIPE Specialists Join from Thomas Weisel Partners

Business Wire, March 9, 2005

NEW YORK -- Deutsche Bank Securities Inc. today announced the expansion of its Private Placement and PIPE (Private Investment in Public Entities) practice within the Equity Capital Markets group in the Americas. Steven Tuch, John Winkler and Susanne Mulligan have joined the Bank from Thomas Weisel Partners, specializing in both the private placement and PIPE markets. Tuch joined as a Managing Director and Head of the Private Placement and PIPE effort, with offices in New York and San Francisco and reporting to Doug Baird and Mike Friezo, Co-Heads of Equity Capital Markets in the Americas. Winkler joined as a Director and Mulligan as a Vice President, both based in New York.

Tuch had worked at Thomas Weisel Partners since 1999, most recently as Head of the Private Equity Placement Group. He has spent more than 13 years in the investment banking and private equity community.

"The private placement and PIPE markets are increasingly important sources of capital for growth companies," said Doug Baird. "Steve, John and Susanne bring superlative expertise and relationships that will enable our clients to identify alternative capital sources and take advantage of growing opportunities in the private equity markets."

Tuch earned a B.A. degree from the University of Michigan and an M.B.A. degree from Stanford University. Winkler earned a B.A. degree from Colgate University, an M.B.A. degree from Columbia University School of Business, and an M.S. degree from the University of California at Berkeley. Mulligan earned a B.A. degree from Amherst College.

About Deutsche Bank

With roughly Euro 840 billion in assets and approximately 65,400 employees, Deutsche Bank (NYSE: DB) offers unparalleled financial services in 74 countries throughout the world. 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 ranks among the global leaders in corporate banking and securities, transaction banking, asset management, and private wealth management, and has a significant private & business banking franchise in Germany and other selected countries in Continental Europe.

Deutsche Bank Securities Inc. is the investment banking and securities arm of Deutsche Bank AG in the United States.

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