Rafi Khan Joins Deutsche Bank's North American Structuring Team

    Business Editors

    NEW YORK--(BUSINESS WIRE)--April 26, 2005--Deutsche Bank Securities Inc. today announced that Rafi Khan has joined the firm's North American Structuring Team as a Director responsible for credit correlation structuring. He is based in New York and reports to John Pipilis, Head of Correlation Structuring within the North American Structuring Group.
    "We are extremely pleased that Rafi has joined us. He is an experienced professional with a solid track record in structured credit," said Pipilis. "As we continue to expand our capabilities in synthetics and grow to meet the increasing demands of our clients, Rafi's experience and knowledge of the industry will be a great asset in developing our important and growing business."
    "We continue to see a real opportunity to weave our correlation structuring skills into Deutsche Bank's Collateralized Debt Obligations business. John's team, strengthened by the addition of Rafi, is creating powerful synergies with our CDO group," added Tim Dowling, Head of North American Structuring. "Rafi's hire is further evidence of our commitment to expanding our U.S. platform."
    Khan joins the firm from Citigroup where he was a Director in Structured Credit Products within the Global Credit Derivatives Group. He holds a BA in Business Administration from the University of Punjab in Pakistan, a MS in Accountancy and MBA in Finance from the University of Houston and a JD from South Texas College of Law.

    About Deutsche Bank

    With Euro 840 billion in assets and 65,400 employees, Deutsche Bank offers unparalleled financial services in 74 countries throughout the world. Deutsche Bank is dedicated to excellence, constantly challenging the status quo to deliver superior solutions to our clients.
    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.
    Deutsche Bank Securities Inc. is the investment banking and securities arm of Deutsche Bank AG in the United States.
    www.deutsche-bank.com

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CONTACT: Deutsche Bank Media Relations Michele Agostinho, 212-250-4864

KEYWORD: NEW YORK INDUSTRY KEYWORD: BANKING MANAGEMENT CHANGES SOURCE: Deutsche Bank

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