Steve Wang Joins Deutsche Bank's Commodities Group

Wang joins the bank from Cinergy Marketing & Trading in Houston,Texas, where he was a natural gas derivatives trader. Prior to that,he held power trading positions at RWE Americas, UBS Warburg, MerchantEnergy Group of the Americas, Williams Energy Services and EnserchEnergy Services.

"Steve is a great addition to our team and will further enhanceour power trading capabilities in this growing market," said Smith."His extensive knowledge of power and gas and experience tradingoptions on these commodities in all economic conditions has earned himan excellent reputation in the industry."

"This hire exemplifies our ability to attract high-caliber tradersto our commodities business," added Mark Ritter, Managing Director andGlobal Head of Commodities. "Steve's breadth of experience will be agreat asset to our clients and further enable us to build upon aleading global power and gas trading franchise."

Wang earned a BS from the Wharton School of the University ofPennsylvania.

Deutsche Bank

Deutsche Bank is a leading global investment bank with a strongand profitable private clients franchise. A leader in Germany andEurope, the bank is continuously growing in North America, Asia andkey emerging markets. With Euro 992 billion in assets and 63,427employees, Deutsche Bank offers unparalleled financial services in 73countries throughout the world. The bank competes to be the leadingglobal provider of financial solutions for demanding clients creatingexceptional value for its shareholders and people.

www.db.com