Deutsche Bank Hires Scott Appleby to Cover Exchanges and Liquidity Providers

Appleby joins the Bank from WR Hambrecht & Co., where he played aleading role in its investment banking division through its jointventure with Appleby Capital, an investment banking advisory firm hefounded. Prior to founding Appleby Capital, he was a Senior ResearchAnalyst covering the global financial technology sector at RobertsonStephens. He began his equity research career covering electricutilities at Paine Webber, and in the interim covered technology andmajor media companies at ABN Amro, Rothchilds. Appleby earned a BAfrom the University of Vermont and an MBA from Cornell University.

"The substantial growth of the financial markets has spurredactivity within the exchanges and liquidity provider sector, making itan area of focus for our institutional and hedge fund clients," saidPollard. "I am confident that Scott's entrepreneurial and equityresearch experience will underscore our commitment to provide topicaland insightful research to clients, and I am pleased to add him to thegroup."

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