September 27, 2006

Deutsche Bank appoints Michael A. Burke Head of US Private Client Services

Deutsche Bank announced today the appointment of Michael Burke as Managing Director and Head of US Private Client Services (PCS), reporting to Thomas Bowers, Head of the US Private Wealth Management Division. Burke will be based in New York and Baltimore and will be responsible for the management of Deutsche Bank Alex. Brown, the US Private Client Services division of Deutsche Bank Securities Inc.

Burke joins the bank with over two decades of financial services experience and was most recently Managing Director and Director of National Sales for Morgan Stanley’s Global Wealth Management Group, with responsibility for over 9,000 Financial Advisors. Over the course of his tenure at Morgan Stanley, Burke held various senior positions including Regional Director for the Southeast and Southern Regions and Branch Manager for the Washington, D.C. office.

"Michael is well respected in the financial services industry as a skilled client-focused business leader with a proven track record,” said Bowers. “The Private Client Services business is a core strategic component of our global wealth management strategy and Michael is uniquely well-suited to take the business to the next level.”

Burke succeeds John Dudzik, who is leaving the Private Wealth Management division but will remain with the firm.

Burke has a BS in Business Management from Radford University.

For further information, please call:

Rohini Pragasam 1-212-250-4516
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.

Deutsche Bank Private Wealth Management

Deutsche Bank Private Wealth Management has been serving the interests of wealthy individuals, families and select institutions for more than a century. With offices across the U.S., Deutsche Bank's Private Wealth Management business division provide a variety of customized solutions to private clients worldwide including traditional and alternative investments, risk management strategies, lending, trust and estate services, wealth transfer planning, family office services, custody and family and philanthropy advisory. US Private Wealth Management includes the US Private Bank and Deutsche Bank Alex. Brown, 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, NASD and SIPC.