Deutsche Bank Americas Extends Maternity Leave Benefit to 16 Weeks, Adds Additional Programs to Support Working Families

Business Wire, Dec 14, 2006

NEW YORK -- Deutsche Bank Americas today announced the extension of its paid maternity leave benefit to 16 weeks following a birth or adoption. The benefit, which is available to both biological and adoptive parents who are the primary caregivers, is four weeks longer than the prior 12-week paid benefit. New fathers will continue to be entitled to one week of paid leave, and fathers who will be the primary caregiver can request the full 16-week leave.

In addition, Deutsche Bank offers the primary caregiver the option to return to work gradually, providing the schedule flexibility that parents often need. Following an approved leave, employees may work part-time over an eight-week period if they work at least 24 hours a week on a schedule agreed upon with their manager. Parents also will have access to a new service which will support them and their children through the college application process.

"Our people are the core of our business, so attracting and retaining top talent is imperative for our continued success," said Seth Waugh, CEO of Deutsche Bank Americas. "Work-life balance continues to be a particular concern for working families, and we believe that showing leadership in this area is the right thing to do and also gives us an advantage in the competition for talent."

Deutsche Bank also has been recognized as one of the top 100 places to work by Working Mother magazine for five consecutive years and has received the Securities Industry Association's Sustained Leadership in Diversity Award. The firm also has been granted a perfect score of 100 by the Human Rights Campaign for LGBT benefits and policies.

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 Euro 1,097 billion in assets and 67,474 employees in 73 countries, Deutsche Bank offers unparalleled financial services 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