March 13, 2007

Deutsche Bank Private Wealth Management opens Wall Street and Miami branches

Deutsche Bank Private Wealth Management (PWM) today announced the opening of two new offices, in New York and Miami for Deutsche Bank Alex. Brown, its U.S. Private Client Services (PCS) division. The Miami office is located at 2 Biscayne Boulevard and the new New York branch is located at 60 Wall Street, Deutsche Bank Americas’ headquarters.

Gary Mohamed, a Director, is the Regional Executive who will oversee the 60 Wall Street office, which will focus on high-net-worth individuals and families and serve as a resource to Deutsche Bank’s New York employees.  

The Miami branch is managed by Jamie Zahringer, a Managing Director and Miami Regional Executive.  The branch will focus on high-net-worth individuals and families in the fast-growing South Florida region. The office building also serves as home to Deutsche Bank’s Global Markets operations in the area, as well as an International Private Wealth Management team.

Mohamed and Zahringer both report to Michael A. Burke, Managing Director and Head of U.S. Private Client Services.

“Both offices will offer clients a high-end, full-service boutique with the full capabilities of a leading investment bank,” said Burke. “We are focused on attracting and retaining ultra high-net worth individuals and growing our client base in two of the country’s largest wealth markets. We have also embarked on an aggressive hiring strategy for client advisors and anticipate a rapid ramp-up through 2007.”

The 60 Wall Street, New York and Miami offices mark the 15th and 16th Private Client Services branches opened by Deutsche Bank Private Wealth Management in the US. The other offices include, Atlanta; Baltimore, MD; Boston; Chicago; Dallas; Greenwich, CT; Houston; Los Angeles; mid-town New York; Palm Beach, FL; Philadelphia, San Francisco; Washington, DC; and Winston Salem, NC.  

“The continued growth and expansion of the Private Client Services business is core to our strategy in the U.S. and a reflection of our commitment to grow in this market,” said Thomas Bowers, Head of the US Private Wealth Management Division. “We will continue to expand the strategic and full-service capabilities that meet the needs of our high net worth clientele.”

For further information, please call:

Mayura Hooper                        
+1 (212) 250-5536
Media Relations, Deutsche Bank

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 Euro 1,128 billion in assets and 68,849 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 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, NASD 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 US, including traditional and alternative investments, brokerage, investment advisory programs, risk management strategies, lending, corporate cash management and wealth management services through branch offices in 14 cities across the US.