Michael Henriques Joins Deutsche Bank's Special Situations Group from

    Business Editors

    NEW YORK--(BUSINESS WIRE)--April 22, 2005--Deutsche Bank Securities Inc. today announced that Michael Henriques has joined the firm's Special Situations Group (SSG) as a Managing Director responsible for the origination, structuring and risk management of principal finance opportunities. He is based in New York and reports to Erik Falk, Head of SSG, within the firm's Securitized Products Group (SPG). Henriques joins from Goldman Sachs where he spent over 12 years in the Structured Products Group and was most recently Vice President and Co-Head of the Collateralized Debt Obligation Group.
    "We are extremely pleased to have someone with Michael's expertise leading our principal finance effort. He has a proven track record in this industry and an outstanding ability to work with clients to help them develop valuable solutions to the issues they face," said Falk. "Michael and the rest of our team will build upon past success and further enhance the strength of our SPG platform."
    "Michael brings with him strong transaction experience and client relationships which will further add to the success of this business," said Richard d'Albert, Co-Head of Securitized Products Group for Deutsche Bank.
    In October, Deutsche Bank announced the launch of SSG, which specializes in principal transactions involving all types of consumer and commercial credit. The group targets assets and operating companies across a wide array of industries, including consumer and commercial finance, insurance and other companies with predictable cash flow.
    Henriques holds a BA in Economics from Princeton University.

    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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