February 12, 2008

Deutsche Bank Alex. Brown expands Dallas and Boston offices

Deutsche Bank Alex. Brown, the U.S. Private Client Services (PCS) division of Deutsche Bank Securities Inc. and Deutsche Bank Private Wealth Management, today announced that Greg Galbraith, Wayne C. McCullough and Dan Delp have joined the firm’s Dallas office as Client Advisors, reporting to Leslie Greco-Pool, a Director and Dallas Regional Executive. In addition, Scott Grenert has joined the firm’s Boston office as a Director and Client Advisor and will report to Gary Domoracki, a Managing Director and Boston Regional Executive.

Galbraith joins the firm as a Managing Director. He has over 17-years of experience in the financial services industry and was most recently a Senior Vice President at AG Edwards. He was a member of the Million Dollar Club and the Chairman's Council. He earned a BBA in finance and general business from the University of Texas and is a Certified Financial Planner.

McCullough joins as a Director. He was most recently a Vice President at AG Edwards. He earned a BA in English from the University of Texas and is a Certified Financial Planner.

Delp joins the firm as a Vice President. He was most recently an Investment Broker and Institutional Salesman at AG Edwards. He earned a BS in economics from Southern Methodist University.

Grenert joins the firm from RBC Dain Rauscher where he was a Senior Vice President and Financial Consultant and a member of the Chairman's Council. Prior to joining RBC in 2003, he was a Senior Vice President at UBS Financial Services. Previously, he worked at Merrill Lynch and Prudential Equity Group.

“We are extremely pleased to add such seasoned professional to our team,” said Thomas Bowers, Head of the US Private Wealth Management Division. “We are confident that Greg, Wayne, Dan and Scott will help build on our success as we strive to further penetrate the high-net-worth and ultra-high-net-worth market in the US.”

“We continue to make great strides in expanding our PCS business,” said Michael Burke, Managing Director and Head of US Private Client Services. “Dallas and Boston continue to be key strategic markets and it is with great pleasure that we announce these appointments.”

For further information, please call:

Scott Helfman               
Deutsche Bank, Media Relations

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 78,291 employees in 76 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 Bank Alex. Brown

Deutsche Bank Alex. Brown is the private client services division of Deutsche Bank Securities Inc., the investment banking and securities arm of Deutsche Bank AG in the United States and a member of NYSE, FINRA and SIPC. Deutsche Bank Alex. Brown, which is also part of Deutsche Bank's Private Wealth Management business division, provides a variety of customized solutions to private clients in the U.S., including traditional and alternative investments, brokerage, investment advisory programs, risk management strategies, lending, corporate cash management and wealth management services through branch offices in 16 cities across the US.