September 14, 2006

Deutsche Bank further expands US Private Wealth Management Business

Private Bankers Rosemary Vrablic and Dominic Scalzi Join as Managing DirectorsDeutsche Bank today announced it has hired Rosemary Vrablic and Dominic Scalzi as Managing Directors and Senior Private Bankers in its US Private Wealth Management (PWM) business. Vrablic and Scalzi join the firm from Bank of America Private Bank, where they spent many years as Private Client Advisors. Vrablic and Scalzi will work with ultra-high-net-worth individuals and families as well as select institutions, with a primary focus on structured finance solutions for real estate developers and investors.

"Building a dominant position in the US Onshore Private Banking Market is a core strategic priority for Deutsche Bank," said Pierre De-Weck, Global Head of Private Wealth Management and member of the Group Executive Committee. "Having Rosemary and Dominic, as well as many other recognized bankers in the US market, join our team is a testament to the progress we have made in developing significant scale and depth in this business."

"Rosemary is widely recognized as one of the top private bankers to the US ultra highnet-worth community,” said Thomas Bowers, Head of US Private Wealth Management. “With both Rosemary and Dominic’s extensive banking and structured lending experience, we will further enhance our position as a leading integrated Private Bank.”

Vrablic and Scalzi will be based in the PWM New York offices.

Vrablic earned a BA from Fordham University and an MBA from Pace University. Scalzi earned a BA from St. Peter's College and an MBA from Seton Hall University.

For further information, please call:

Rohini Pragasam 212-250-4516
Media Relations

Mayura Hooper 212-250-5536
Media Relations

Deutsche Bank

Deutsche Bank <DB> 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.