Women Interns Excited to Join Investment Banking

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The Athena Collaborative Group (ACG), New York’s leading not-for-profit organization focusing on increasing the number of women in investment banking, announced today that it has joined forces with Deutsche Bank, a leading global investment bank, as it launches its 2010 summer intern class.

The Athena Collaborative Group (ACG), New York’s leading not-for-profit organization focusing on increasing the number of women in investment banking, announced today that it has joined forces with Deutsche Bank, a leading global investment bank, as it launches its 2010 summer intern class.

To date, students from universities such as Barnard, Columbia, Cooper Union, NYU, Rutgers, Princeton and Vassar, through participation in ACG’s Internship Program for Women in Investment Banking, have been selected, trained, and have secured internships at top Wall Street firms.

ACG’s comprehensive training and coaching program focuses on building the key skills that differentiate successful IB interns and analysts and provides strategies for women to best navigate this particular corporate landscape.

The founder of Athena Collaborative Group, Christina DelliSanti-Miller said, “We are very excited about this partnership as Deutsche Bank has a long-standing commitment to hiring top female talent from college campuses in the NY area. Not only are we providing young, successful women with a fantastic opportunity to kick-start their careers, but Deutsche Bank understands that, through careful selection and training of candidates, our interns are highly talented, well-prepared – we are a great recruitment source for them.”

Program participants are offered a two-week training program by Athena Collaborative Group, with the primary objective of successfully preparing young women for their internships. At the conclusion of the program, the interns have an opportunity to practice their networking skills with leading professionals in financial services.

Eileen Taylor, Global Head of Diversity for Deutsche Bank said, “We are extremely pleased to partner with Athena and look forward to continuing our joint efforts to increase the number of women on Wall Street.”

Details on the Internship Program for Women in Investment Banking can be found at http://www.athenacollaborative.org. For more information on Athena Collaborative Group contact: Christina DelliSanti-Miller at 212 551 1023.

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 80,849 employees in 72 countries, Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

http://www.db.com

About Athena Collaborative Group

Gender gaps are still prevalent in business and management in the United States.
ª Women occupy 40% of all managerial positions in the U.S. but their representation decreases at higher levels.
ª Only 6% of the highly-paid executives of Fortune 500 companies are women, only 2% of the CEOs and 15% of board members are women.
ª Among quantitative roles in the securities industry, 40% of Analysts and Associates are women. The role of women drops to 25% at the mid-level and only 14% at the senior manager level.

With a lack of role models in senior business positions, few young women and girls select business as a preferred career, negatively affecting the talent pipeline.
ª College classes are now 58% women, yet just 13% intend to study business ;
ª Only 9% of teen girls list any type of business career as their first choice

Launched in August of 2006, ACG’s mission is: “To expand the population of women entering and thriving in quantitative roles at all levels in competitive industries such as Investment Banking.” We do this by developing pragmatic solutions for keeping women in the talent pipeline at each level of development, from role modeling for girls at the secondary school level, to mentoring and leadership development for college-aged women as they prepare for full-time employment in business careers.

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Christina DelliSanti-Miller
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