August 22, 2006

Terri Sohrab to join Deutsche Bank´s US Private Wealth Management Business as a Private Banker

Deutsche Bank today announced Terri Sohrab has joined the firm as a Managing Director and Private Banker in New York, further expanding its US private banking business.

Sohrab has more than 24 years of financial services experience. She was previously a Managing Director with U.S. Trust's Personal Wealth Management Group. Prior to U.S. Trust, she was a Managing Director at Citigroup Private Bank. Terri also spent over ten years at JPMorgan Chase Private Bank as a senior private banker.

In her new role, Sohrab will be responsible for managing relationships with high net worth individuals, families and select institutions.

"Deutsche Bank is in the process of allocating significant capital to the build out of a top-tier private banking origination force, as we seek to become the leading fully integrated US private bank," said Thomas Bowers, Head, US Private Wealth Management. "Terri is widely known in the Private Banking community as a top-tier banker. Her impressive background and knowledge of the High Net Worth market make her a particularly important addition to our team" said Patrick Campion, Head of the U.S. Private Bank. Sohrab will report to Campion.

Sohrab holds an undergraduate degree from California State University, Northridge, and an MBA from Pepperdine University.

Deutsche Bank also announced Michael Mullin has joined the firm as a Vice President and Private Banker. He joins from U.S. Trust where he was a Vice President and Relationship Manager. Previously he worked at Citigroup Private Bank. Mullin holds an undergraduate degree from Rollins College.


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Deutsche Bank

Deutsche Bank <NYSE: DB> 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 1,058 billion in assets and 65,435 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 Private Wealth Management

Deutsche Bank Private Wealth Management has been serving the interests of wealthy individuals, families and select institutions for more than a century. With offices across the U.S., Deutsche Bank's Private Wealth Management business division 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. US Private Wealth Management includes the US Private Bank and Deutsche Bank Alex. Brown, 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.