April 3, 2006

Deutsche Bank appoints John Dudzik Head of US Private Client Service

Deutsche Bank announced today the appointment of John Dudzik as Managing Director and Head of US Private Client Services, reporting to Thomas Bowers, Head of the US Private Wealth Management Division. Dudzik is based in New York and will be responsible for the management of the Deutsche Bank Alex. Brown Private Client Services business across 14 national sales offices.

Dudzik joined Deutsche Bank in 2001 and has held several senior positions with the firm, including New York Branch Manager and Head of Branch Management within the Private Client Services division, and most recently Head of Sales Management for US Private Wealth Management. Prior to joining the firm, he was National Sales Manager for Private Clients at UBS Warburg and a financial consultant at Paine Webber, Lehman Brothers, Drexel Burnham Lambert and EF Hutton for eighteen years.

"The profitable growth and strategic expansion of the Private Client Services business is a highpriority core objective for us," said Bowers. "Given John's substantial contribution to the management of the business to date, he is extremely well positioned to continue our aggressive national recruiting plan and build further on the momentum we have already achieved."

For further information, please call:

Rohini Pragasam
Media Relations

About Deutsche Bank

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 992 billion in assets and 63,427 employees, Deutsche Bank offers unparalleled financial services in 73 countries 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.

Deutsche Bank Alex. Brown is the Private Client Services Division of Deutsche Bank Securities Inc. Deutsche Bank Securities Inc., member NYSE, NASD and SIPC, is the investment banking and securities arm of Deutsche Bank AG in the United States.