September 19, 2006

Deutsche Asset Management Names Susan Small Global of Consultant Relations

Deutsche Asset Management (DeAM) today announced that Susan Small will join the firm as Global Head of Consultant Relations. Small will report to Roelfien Kuijpers, Global Head of DeAM’s Institutional Business and will be based in Chicago.

"Investment consultants are very important in assisting institutions in allocating their assets,” said Kuijpers. Susan will ensure that DeAM provides superior service to consultants worldwide, helping them to leverage our global investment platform for the benefit of their clients. She is well respected by the consultant community and her experience will be invaluable as we strive to enhance the services we offer institutions and consultants across the spectrum of traditional and alternative asset classes.”

Small has over 20 years of experience in the consultant field and has worked closely with most of the major investment consulting firms. She joins the firm from Nicholas-Applegate Capital Management where she was the Director of Marketing and Head of Consultant Relations.

Small earned an MBA from the University of Chicago and a BS from Northern Illinois University.

For further information, please call:

Deutsche Bank
Rohini Pragasam (212) 250 4516
Media Relations

Mayura Hooper (212) 250-5536
Media Relations

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 Euro 1,058 billion in assets and 65,435 employees in 73 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

About Deutsche Asset Management

Deutsche Asset Management is the marketing name in the US for the asset management activities of Deutsche Bank AG, Deutsche Bank Trust Company Americas, Deutsche Asset Management Inc., Deutsche Investment Management Americas Inc. and DWS Trust Company. With approximately US$662 billion in assets under management globally (as of 6/30/06), 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 provides a broad range of investment management products across the
risk/return spectrum.