New York, June 20, 2005

Deutsche Bank continues build-out of West Coast Institutional Equity Sales


Deutsche Bank Securities Inc. today announced the hires of three officers to its West Coast Institutional Equities Sales force. Brooks Doggett, Director, Brian McNamara, Director and Benjamin Fisher, Vice President will be based in San Francisco and report to Warren Dowd, Managing Director, Institutional Equity Sales.

"We are committed to enhancing our existing institutional equity sales capabilities," said David Manlowe, Managing Director and Americas Co-Head of Cash Equities. "The build out of our San Francisco office will ensure that Deutsche Bank clients benefit from a true global reach."

Doggett joins the Bank from Merrill Lynch, where he was a Director in the Institutional Sales and Trading Group; he began his career as a sales trader at Kemper. Doggett earned his BA from the University of Vermont and MBA from Duke University.

McNamara joins the Bank from J.P. Morgan where he was in Institutional Equity Sales. Prior to that, he held positions at Lehman Brothers and Jefferies & Co. McNamara earned his BA and MBA from UCLA.

Fisher joins as a Vice President from Lehman Brothers, where he was in the Equity Portfolio Sales Group. He earned his BA in Economics from the University of Vermont.

These additions follow last week's announcement that the firm has hired Warren Dowd to lead the West Coast Institutional Equity Sales force, marking a renewed focus on institutional equities within the bank.




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