Deutsche Bank Global Prime Services Announces Management Appointments

Deutsche Bank Global Prime Services Announces Management Appointments

    Business Editors

    LONDON & NEW YORK--(BUSINESS WIRE)--April 19, 2005--Deutsche Bank today announced several senior appointments to the management team of the firm's Global Prime Services (GPS) business. The GPS business, headed globally by Nick Roe, will include the following product heads:

--	Frank Nelson, formerly Global Co-Head of GPS Sales, has been appointed Global Head of GPS Sales.
--	Mark Haas, formerly Global Head of Client Transition, has been named the Global Head of Prime Brokerage.
--	Ben Sofoluwe, Lane Hocking, and Paul Busby have been appointed to Head GPS Securities Lending in Europe, Asia and North America, respectively.
--	Jane Hammond has been appointed Global Head of Securities Lending Sales, reporting to Nelson.
--	Richard Kennedy has been appointed Global Head of Structured Products.
--	Penry Jackson has been appointed Global Head of Synthetic Trading.
--	Fred Bird will be responsible for Non-recourse transactions executed by GPS clients in addition to his current responsibilities as Global Head of Risk Management for GPS.

    "The GPS team continues to evolve and strengthen within the recently combined Global Markets and Global Equities division, and I feel strongly that this new structure will best service the needs of our clients," said Roe. "The promotion of these new managers, combined with the seasoned global managers on the platform, provides stability and will allow us to continue to expand and enhance GPS as we aim to be the top global provider of Prime Services."
    Other members of Roe's management team include: Mark Harrison, Head of International Prime Brokerage; Tom Kerns, Global Head of Client Reporting and Product Integration; Greg McCafferty, Head of Prime Services, Asia; Chris Caruso, Head of Prime Brokerage, North America; and Sean Crowley, Chief Operating Officer for GPS.
    "GPS continues to expand its product and services offering and has recently migrated Foreign Exchange, Credit and Fixed Income products onto its platform," added Roe. "As our hedge fund clients look for sophisticated bespoke solutions this will help us deliver a full range of products and structures to them."
    Deutsche Bank's GPS business is a top-tier provider of financial solutions to hedge funds and hedge-fund investors globally, with over 300 professionals based in New York, San Francisco, Toronto, London, Frankfurt, Johannesburg, Hong Kong, Tokyo and Sydney. GPS is a market leader in products ranging from settlement and financing to integrated cross-margining and risk management across asset classes globally.

    About Deutsche Bank

    With roughly Euro 840 billion in assets and approximately 65,400 employees, Deutsche Bank 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.

    www.deutsche-bank.com

--30--RC/ny*

CONTACT: Deutsche Bank Press & Media Relations Rohini Pragasam, 1-212-250-4516 or Press & Media Relations Alexandra Walker, 44-207-547-2839

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