August 1, 2005

Mark Peters to join Deutsche Bank as Head of US Private Wealth Management

Deutsche Bank today announced that Mark Peters will join the firm as a Managing Director and Head of US Private Wealth Management, a new role encompassing both the Private Wealth Management and Private Client Services businesses in the US. Peters will be based in New York and report to Pierre de Weck, Global Head of Private Wealth Management and a Member of Deutsche Bank's Group Executive Committee.
Peters has 24 years experience in the private client and private banking markets in the Americas. He will join the firm from Citigroup, where he was a Managing Director and Head of the US High Net Worth Group. Before joining Citigroup he was a Managing Director in the Private Client Services Group of Credit Suisse First Boston and Donaldson, Lufkin & Jenrette. Peters also worked for 14 years at Goldman Sachs Private Client Services as a Relationship Manager.

"The US market is an extremely important part of our global growth strategy," said Pierre de Weck. "Mark has a strong background and proven track record in brokerage and private banking, which will help us to coordinate our businesses to offer a full array of tailored solutions for our clients."

Peters earned a BA degree from the University of Illinois and an MBA from the University of Miami.


For further information, please call:

Deutsche Bank

Rohini Pragasam  001-212-250-4516
Press & Media Relations

Ted Meyer   001-212-250-7253
Press & Media Relations


About Deutsche Bank

With Euro 964 billion in assets and 63,652 employees, Deutsche Bank <NYSE: DB> 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 and business banking franchise in Germany and other selected countries in Continental Europe.

Deutsche Bank Private Wealth Management has been serving the interests of wealthy individuals, families and select institutions for more than a century. With offices in eight cities across the U.S., we 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.

Deutsche Bank Alex. Brown is the U.S. Private Client Services division of Deutsche Bank Securities Inc., the investment banking and securities arm of Deutsche Bank AG in the United States. Deutsche Bank Alex. Brown provides investment products, brokerage and advisory services to high net worth and ultra-high net worth clients through Client Advisors based in 14 cities across the U.S.