Marwan Marshi Joins Deutsche Bank as a Vice-Chairman in Global Capital Markets

Business Wire, August 2, 2006

NEW YORK -- Deutsche Bank Securities Inc. today announced that Marwan Marshi will join the firm as a Vice-Chairman and Managing Director in Global Capital Markets. Marshi was most recently Managing Director and Global Head of Fixed Income Capital Markets at Citigroup. In his new position Marshi will be responsible for expanding and integrating all products into capital markets dialogue with the firm's clients. He will work closely with the Global Banking and Global Markets origination and coverage teams and primarily focus on Americas-based clientele. He will be based in New York and will report to Thomas Gahan, CEO of Deutsche Bank Securities Inc., and to Hope Pascucci and Rich Byrne, Co-Heads of Global Capital Markets.

"Marwan has been at the forefront of the development of fixed income capital markets and has a stellar reputation for providing clients insightful advice and tailoring integrated financings to meet their needs," said Gahan. "His deep corporate relationships and career experience will add greatly to the momentum we've built with our Global Capital Markets group as we focus on delivering the full suite of capital markets and structured product opportunities to our clients."

Marshi has 20 years of capital markets experience, and as Citigroup's Global Head of Fixed Income Capital Markets was responsible for Investment Grade, Leveraged Finance and Emerging Markets coverage. He started his banking career in the Fixed Income Department of Salomon Brothers in 1986.

Marshi earned BS and MS degrees in Chemical Engineering and an MBA, all from the University of Texas at Austin.

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 1,058 billion in assets and 65,435 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.

Deutsche Bank Securities Inc., member NYSE, NASD and SIPC, is the investment banking and securities arm of Deutsche Bank AG in the United States.

www.db.com