Deutsche Banc Alex. Brown announced today that Steven Potter has joined the firm as a Managing Director and will head the Food and Beverage investment banking practice of the Global Consumer Group. Potter joins Deutsche Banc Alex. Brown from the Global Consumer Group of the Investment Banking division of Morgan Stanley Dean Witter and Co. Potter will be based in New York and will report to Mark Goodman, Global Head of the Consumer Group.

Potter joins Deutsche Banc Alex. Brown after three years with Morgan Stanley where his primary focus was on strategic advisory/M&A assignments and debt and equity offerings for multinational food and beverage and consumer products companies. Prior to that he worked at JP Morgan and Company from 1991 to 1997 in mergers and acquisitions. He was also a financial analyst at Trammell Crow Ventures from 1988 to 1989.

"We are very pleased to have Steven join the Global Consumer Group," said Mark Goodman, Global Head of the Consumer Group. "His extensive banking experience combined with his strong relationships with major clients in the food and beverage industry add great breadth to our efforts in this area."

"Hiring professionals like Steven is a key component of our investment banking strategy to build a large-cap expertise while maintaining our strong mid-cap and emerging growth franchise," added Bill Burgess, Co-Head of Industry Groups for the Global Investment Bank.

Deutsche Bank's Global Consumer Group encompasses the food and beverage, consumer product, retail, business services, leisure/restaurants and related internet practices. The group has 35 investment banking professionals based in New York, Baltimore, San Francisco, Los Angeles and London complemented by a team of global research analysts covering a full spectrum of companies in the sector. Deutsche Bank's Global Consumer Group has been working with premier branded food and beverage companies for over ten years including high profile assignments such as lead managing Starbucks' initial public offering in 1992 and, more recently, acting as sole bookrunning manager for Krispy Kreme Doughnut's highly successful $73 million initial public offering.

Potter holds a BS in business management and finance/accounting from Brigham Young University and an MBA in finance and accounting from the Anderson Graduate School of Management at UCLA.

Deutsche Banc Alex. Brown identifies the US investment banking activities of DB Alex. Brown LLC (formerly BT Alex. Brown Incorporated) and Deutsche Bank Securities Inc., which are indirect subsidiaries of Deutsche Bank AG. With over e953 billion in assets as of March 31, 2000 and approximately 90,000 employees, Deutsche Bank offers its clients unparalleled financial services throughout the world. It ranks among the leaders in asset management, capital markets, corporate finance, custody, cash management and private banking. Deutsche Bank is divided into five major business units: Global Corporates and Institutions, Global Technology and Services, Asset Management, Corporates and Real Estates and Private and Retail Banking.