November 22, 2005

Deutsche Asset Management names Bernd Scherer Head of Research Center for Quantitative Strategies Group

Deutsche Asset Management (DeAM) today announced that Bernd Scherer has been appointed Head of the Quantitative Strategies Group's Research Center in New York. The Research Center functions as the Quantitative Strategies Group's "think tank," with a staff of professionals who use their unique knowledge and experience to conduct advanced research, portfolio modeling, engineering and

"The outstanding work of Bernd and the Research Team will be central toward meeting the goal of the Quantitative Strategies Group, which is to be the leading provider of innovative quantitative investment solutions worldwide," said Janet Campagna, Global Head of Quantitative Strategies.

Scherer, who had most recently served as the head of Quantitative Strategies' investment solutions and overlay management group in Frankfurt, has achieved a reputation during his 10-year career as an expert on asset valuation, portfolio construction, strategic asset allocation and asset liability modeling. A much sought-after speaker, Bernd has also published several books, including Portfolio Construction and Risk Budgeting, Liability Hedging and Portfolio Choice, Introduction to Modern Portfolio Optimization and his latest work, Asset and Liability Management Tools: A Handbook for Best Practice.  Bernd has a Master's degree in economics from the University of Augsburg, a MS from the University of London and a PhD from the University of Giessen.  Bernd is an adjunct professor of finance at the European Business School and the University at Augsburg.

Other members of the Research Center team include Colm O'Cinneide and Xiadong Xu. Colm is the senior director of quantitative research, having joined DeAM in 2000 after 18 years of experience in faculty positions at the University of Arkansas and Purdue University. He has a Ph.D. from the University of Kentucky and also holds a B.S. and an M.S. from the National University of Ireland.  Colm is an adjunct professor of finance at Columbia University.  Xiadong is a quantitative research analyst who joined the company this year after earning his doctorate from Northwestern University.  He also holds a B.A. and a B.E. from University of Science and Technology of China.


For further information, please call:

Deutsche Bank

Rohini Pragasam 001 (212) 250 4516


About Deutsche Asset Management

With approximately US$666 billion in assets under management (as of 9/30/05), Deutsche Asset Management is one of the world's leading investment management organizations, not just in size, but in quality and breadth of investment products, performance and client service. Deutsche Asset Management is geographically divided into three regions - the Americas, Europe and Asia Pacific, providing a broad range of investment management products across the risk/return spectrum.