October 17, 2005

Michael David joins Deutsche Bank Alex. Brown in New York

Deutsche Bank Alex. Brown, the U.S. Private Client Services (PCS) division of Deutsche Bank Securities Inc., today announced that Michael David has joined as a Director and Client Advisor, responsible for formulating risk management and investment solutions for wealthy families, endowments and foundations . He is based in New York and reports to G. Haig Ariyan, Managing Director and New York Branch Office Manager.

Prior to joining Deutsche Bank Alex. Brown, David was an Executive Director and Head of Executive Services at Morgan Stanley Private Wealth Management. He is an industry veteran with over 13 years experience in customizing risk management and monetization strategies for large, concentrated holders of restricted stock.

"Our ability to hire talent such as Michael is recognition of our continued momentum and success in recruiting within Deutsche Bank's Private Client business ," said John Dudzik, Managing Director and Head of Branch Management. "We believe that we have a great opportunity to continue to grow our PCS business in New York and are confident that Michael's experience and reputation will help us to reach our goals."


For further information, please call:

Deutsche Bank

Michele Agostinho-Allison
Media Relations


About Deutsche Bank

With Euro 964 billion in assets and 63,652 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 and business banking franchise in Germany and other selected countries in Continental Europe. Deutsche Bank Securities Inc. is the investmen t banking and securities arm of Deutsche Bank AG in the United States.