November 30, 2005

Deutsche Bank Alex. Brown expands Palm Beach office with four new hires

Deutsche Bank Alex. Brown, the Private Client Services (PCS) division of Deutsche Bank Securities Inc. and Deutsche Bank U.S. Private Wealth Management, today announced four new hires in its Palm Beach office. Roy Apple, Howard Risick and Anthony Rizzo have joined as Directors and Client Advisors, and Jeremy Schneider has joined as a Vice President and Client Advisor. They are based in Palm Beach and report to James D. Zahringer, Managing Director and Palm Beach Branch Office Manager.

The team joins from Legg Mason Wood Walker where, most recently, Apple and Rizzo were First Vice Presidents, where they specialized in fixed income and equity strategies, Risick was a Senior Vice President and Portfolio Manager, where he specialized in customized equity portfolio management for institutions and high net worth individuals and Schneider was a Financial Advisor. Together, Apple, Risick, Rizzo and Schneider will service high net worth and corporate accounts in their new roles.

"These hires mark our ability to attract top industry talent to our expanding business," said Corky Crozier, Managing Director and Head of Deutsche Bank Alex. Brown. "South Florida is an important growth market and we are confident that these individuals will strengthen our existing franchise."

"Roy, Howard, Anthony and Jeremy are wonderful additions to our team. I am confident that they will compliment the existing expertise we provide for our clients in the Palm Beach office," said James D. Zahringer, Managing Director and Palm Beach Branch Office Manager.

For further information, please call:

Deutsche Bank

Renee Calabro 212-250-5525
Press Office
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With Euro 964 billion in assets and 63,652 employees, Deutsche Bank offers unparalleled financial services in 74 countries throughout the world. Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
Deutsche Bank ranks among the global leaders in corporate banking and securities, transaction banking, asset management, and private wealth management, and has a significant private and business banking franchise in Germany and other selected countries in Continental Europe.

Deutsche Bank Securities Inc. is the investment banking and securities arm of Deutsche Bank AG in the United States.