October 20, 2006

Deutsche Bank to acquire Tilney Group

Deutsche Bank announced today the signing of a definitive agreement to acquire Tilney Group Limited (“Tilney”), a leading UK wealth manager, from Bridgepoint and Tilney management, as part of a strategic move to strengthen its presence in the UK private wealth management market. The transaction is expected to close in the fourth quarter of 2006 subject to obtaining necessary regulatory approvals and competition clearances. Financial terms were not disclosed.
Press Release