David Lane Joins Deutsche Bank as Head of Equity Financial Resource Management

Lane re-joins Deutsche Bank from Merrill Lynch, where he spent twoyears as a Director and Global Head of the Asset Optimization Group.Before joining Merrill Lynch, Lane was Global Head of CollateralManagement for the equity asset class at Deutsche Bank in London. Hewas previously a swaps trader at Lehman Brothers and prior to thatheld several trading and risk management roles at Salomon SmithBarney.

"Deutsche Bank's rapid growth in equities has necessitated ahighly-efficient financial resource management function, and I ampleased that David will be leading this effort," said Byrne. "Hisextensive experience in cash and collateral management, as well hashis familiarity with securities lending, equity swaps and primebrokerage, will serve us well as he works to identify financingsynergies across our debt and equity platforms, particularly inhigh-growth areas such as Prime Services."

Deutsche Bank also announced the appointment of Eric Lepore toHead of Cash and Collateral Management for Global Finance. In his newrole, Lepore will work closely with Lane to maximize collateralmanagement efficiencies across debt and equity.

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 1,035 billion in assets and 64,103employees, 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.

Deutsche Bank Securities Inc., member NYSE, NASD and SIPC, is theinvestment banking and securities arm of Deutsche Bank AG in theUnited States.

www.db.com