Deutsche Bank Opens Regional Public Finance Trust Office in New Jersey

    Adds Key Staff to Head New Office, Expand Sales Team

    NEW YORK AND SUMMIT, N.J., June 19 /CNW/ - Deutsche Bank's Trust &
Securities Services, part of its Global Transaction Banking division, today
announced the opening of a regional public finance trust office in Summit, New
Jersey. This is the latest step in the Bank's continuing regional expansion of
its public finance trust business. The Summit office, located at 25 DeForest
Avenue, will focus particularly on providing local account management and
administration services for public finance clients in New Jersey,
Pennsylvania, Maryland and Delaware.

    "Our strategy of growth through the addition of regional offices
continues to demonstrate our commitment to the municipal market and to growing
the public finance segment of our corporate trust business," said Howard Topf,
Managing Director and Head of Global Debt Services within the Bank's Trust &
Securities Services business. "As we expand into new markets our dedication to
providing local expertise and exceptional customer service continues to be the
foundation of our business."

    "We have just completed the fifth year of our regional office initiative
and Summit is the seventh regional office we have opened," said Steven Eason,
Director and Head of US Public Finance Trust Services within the Global Debt
Services business. "The market has responded to our commitment to the public
finance segment and we have gone from the 23rd ranked trustee for municipal
finance appointments in 2002 to the fourth ranked trustee in the first quarter
of 2007, according to Thomson Financial."(*)

    Joining the Bank to head the new Summit office is Debra Schwalb, an
18-year veteran of the corporate trust business. Schwalb joins as Vice
President responsible for client relationship management and business
development. Schwalb was formerly with The Bank of New York where she was
responsible for relationship managers and trust associates in the mid-Atlantic

    To further support its growth strategy, the Bank has hired Joe Dattoli to
join its New York office as Vice President responsible for business
development. Dattoli joins from SourceMedia where he was Associate Publisher
of The Bond Buyer, the leading daily newspaper of the public finance industry.

    "Debra Schwalb and Joe Dattoli are both seasoned industry professionals
whose knowledge and dedication will ensure we provide the best possible
support for our clients in the public finance market as we continue to
expand," Eason added.

    Deutsche Bank also has regional public finance trust offices in Boston,
MA; Charlotte, NC; Chicago, IL; Los Angeles, CA; New York, NY; Olive Branch,
MS; and San Francisco, CA.

    About Deutsche Bank

    Deutsche Bank is a leading global investment bank with a strong and
profitable private clients franchise. A leader in Germany and Europe, the bank
is continuously growing in North America, Asia and key emerging markets. With
73,114 employees in 75 countries, Deutsche Bank offers unparalleled financial
services throughout the world. The bank competes to be the leading global
provider of financial solutions for demanding clients creating exceptional
value for its shareholders and people.

    Deutsche Bank's Trust & Securities Services business, part of Global
Transaction Banking, is one of the leading providers of trustee, agent,
depositary, registrar, SPV management and related services for a wide range of
debt financings including bonds, medium term note and commercial paper
programs, asset backed and mortgage backed securities, collateralized debt
obligations, project financings, escrows and syndicated loans. It is also one
of the leading depositaries for American Depositary Receipts (ADRs) and Global
Depositary Receipts (GDRs), and, through a fully integrated network of
specialist offices worldwide, provides domestic custody services in 28
securities markets.

    (*) Thomson Financial Fourth Quarter 2002 and First Quarter 2007 US
Municipals Lawyers & Trustees Review-AT8

For further information:

For further information: Deutsche Bank: Press Office John T. Gallagher,
+1 212-250-4516

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