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DEUTSCHE BANK FURTHER EXPANDS FX TRADING IN NEW YORK

NEW YORK, July 21, 2008 - Deutsche Bank Securities Inc. today announced
that Brian McConville has joined as a Director and Foreign Exchange Forwards Trader
within the Global Markets division’s Foreign Exchange business. In this role, McConville
trades Euro currency forwards and Scandinavian. He is based in New York and reports
to Maura Craven, Head of Forwards Trading in New York.

McConville rejoined Deutsche Bank from HSBC where he was a senior vice president on
the foreign exchange forwards trading desk. Prior to HSBC, he was a director in the
proprietary trading group at Bank of America. Before working at HSBC, McConville
spent 13 years at Deutsche Bank and Bankers Trust in a number of foreign exchange
forward trading roles.

“Brian’s extensive experience and success in foreign exchange forwards trading will be
an asset to our award winning team in North America,” said Russell LaScala, Head of
Foreign Exchange Trading in North America.

In May Deutsche Bank announced the hires of Greg Fiori, Jeff Wischhover, Chris Lutton
and Angela Lockhart Raitzin as Directors in Foreign Exchange Sales and Trading in
North America.

The firm has recently been named Best FX House - North America by Euromoney in the
2008 Awards for Excellence issue. This award follows a #1 ranking in Euromoney’s
annual FX poll, announced earlier this year.

For further information, please call:

Renee Calabro          +1-212-250-5525
Media Relations

About 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 78,275 employees in 76 countries,
Deutsche Bank competes to be the leading global provider of financial solutions for
demanding clients creating exceptional value for its shareholders and people.

www.db.com

				
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