Deutsche Bank Continues Mortgage Build-out with Three Key Hires; Troy Dixon Joins from UBS as Head of Pass-Through Mortgage Trading

Deutsche Bank Securities Inc. today announced that TroyDixon will join as a Managing Director and Head of Pass-ThroughMortgage Trading within the firm's Global Markets Division. Inaddition, Keith Willard will join the pass-through trading group as aDirector and Cyle Berwanger as an Associate, responsible for tradingsecurities consisting of pools of residential mortgage loans in whichpayments of principal and interest are passed through to investors.Dixon will report to Anilesh Ahuja, Managing Director and Head ofResidential Mortgage Backed Securities, and Jon Kinol, ManagingDirector and Head of Rates Trading for North America.

Dixon, an industry expert with over 10 years experience in thepass-through mortgage market, joins the firm from UBS where he was anExecutive Director and Head of Pass-Through Trading. Prior to that, hewas Head of Pass-Through Trading at Donaldson, Lufkin & Jenrette (DLJ)and retained the same role at Credit Suisse First Boston after CSFB'sacquisition of DLJ. Willard and Berwanger also join from UBS, whereWillard was a Director responsible for pass-through trading ofspecified mortgage pools.

"Having a strong foothold in the pass-through market is anecessity for any successful mortgage franchise," said Ahuja. "Troy'sexperience, product knowledge and extensive history in the market willbe an asset to our already existing pass-through business and hisskilled team will further advance us as a leading mortgage tradinghouse."

"We believe that aligning mortgage trading with our ratesderivatives business will better meet the needs our customers, whosetrading ideas and strategies often involve both asset classes," saidKinol. "The combined experience and industry know-how these hiresbring will prove beneficial to both our clients and our tradingfranchise."

Dixon holds a B.A. from the College of The Holy Cross, Willardholds a B.S. from University of Kentucky, and Berwanger holds a B.A.from Rutgers University.

Deutsche Bank

With Euro 993 billion in assets and 63,427 employees, DeutscheBank offers unparalleled financial services in 74 countries throughoutthe world. Deutsche Bank competes to be the leading global provider offinancial solutions for demanding clients creating exceptional valuefor its shareholders and people.

Deutsche Bank ranks among the global leaders in corporate bankingand securities, transaction banking, asset management, and privatewealth management, and has a significant private and business bankingfranchise in Germany and other selected countries in ContinentalEurope.

www.db.com