April 19, 2005

Ed Peter appointed Head of Deutsche Asset Management for Asia, Australia and Japan

Deutsche Bank today announced that Ed Peter has been appointed Head of Deutsche Asset Management (DeAM) for Asia, Australia and Japan.

Based in Hong Kong, Peter will be responsible for integrating and building the bank's asset management businesses across the region. He will join DeAM's Global Operating Committee and report to Kevin Parker, Global Head of Deutsche Asset Management and a member of the Group Executive Committee.

"Asia Pacific is a critical growth market for DeAM and a key strategic component of our global business," said Parker.

Peter joins DeAM from Deutsche Bank's Global Markets division where he was Head of Equities for Asia-Pacific (ex Japan). Under his 4 years of leadership, Deutsche Bank's equities business in the region has developed into a top-3 ranked operation. Prior to this, Peter ran Deutsche Bank's equities business in Switzerland and was instrumental in making it the top ranked equities franchise in the country.

Colin Grassie, Chief Executive Asia Pacific (ex Japan), said, "Ed has made an outstanding contribution to the development and success of our equities franchise. We are delighted that he will now apply his considerable drive, experience and talents to the task of further developing our asset management business in Asia."


For further information, please call:

Deutsche Bank

Jezz Farr   +44 20 7545 7506 (London)
Michael West   +85222038403 (Hong Kong)
Kristin Silva   +61 2 9249 9568 (Sydney)


About Deutsche Bank

With roughly Euro 840 billion in assets and approximately 65,400 employees, Deutsche Bank offers unparalleled financial services in 74 countries throughout the world. Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

Deutsche Bank ranks among the global leaders in corporate banking and securities, transaction banking, asset management, and private wealth management, and has a significant private & business banking franchise in Germany and other selected countries in Continental Europe.