Roelfien Kuijpers Appointed Global Head of Deutsche Asset Management's Institutional Business

Kuijpers joined Deutsche Bank in 1995 as a Managing Director andHead of European Equities Sales in North America. She was subsequentlyappointed Global Head of Relationship Management Research, beforebeing named Global Head of Strategic Planning, Communications &Marketing for the Global Equities division. In 2004 she was appointedGlobal Head of Strategic Planning, Communications & Marketing forDeAM. Prior to joining Deutsche Bank, Kuijpers was a Managing Directorand Head of European Equities in North America at SG Warburg Inc. Bornin the Netherlands, Kuijpers received a Masters in History from theUniversity of Leiden in the Netherlands.

"The appointment of a seasoned markets professional like Roelfienas Head of Institutional reflects our commitment to developing thisbusiness globally," said Parker. "Our strategic focus on improvinginvestment performance across the division gives us a greatopportunity to tap new clients and markets. In her new role, Roelfienwill further build Deutsche Asset Management's reputation as one ofthe leading global providers of asset management services toinstitutional clients."

Deutsche Bank also announced that Tom Curtis will assume Kuijpers'responsibilities for Global Strategic Planning and Communications forDeAM, in addition to retaining his current role as Global Head ofBusiness Development. Curtis is also based in New York and reports toParker.

"Having a combined Strategic Planning and Business Developmentfunction will give us greater ability to leverage our focused businessstrategies and capitalize on market opportunities. Tom's broaderresponsibilities will further enhance his team's effectiveness inidentifying future strategic opportunities," added Parker. "Our recordresults for 2005 underline the significant progress we have made inrealigning the division, streamlining processes and strengthening thebusiness. These two appointments mark a very positive step in thedevelopment of Deutsche Asset Management."

About Deutsche Bank

With Euro 993 billion in assets and 63,427 employees, DeutscheBank (NYSE: DB) offers unparalleled financial services in 74 countriesthroughout the world. Deutsche Bank competes to be the leading globalprovider of financial solutions for demanding clients creatingexceptional value for its shareholders and people.

Deutsche Bank ranks among the global leaders in corporate bankingand securities, transaction banking, asset management, and privatewealth management, and has a significant private and business bankingfranchise in Germany and other selected countries in ContinentalEurope.

www.db.com

About Deutsche Asset Management

Deutsche Asset Management is the global asset management businessof Deutsche Bank AG, with AUM of US$630 billion (as of 12/31/05). Itis one of the world's leading investment management organizations interms of the quality and breadth of investment products, assetmanagement expertise and client service.

DeAM provides asset management capabilities to a variety ofclients worldwide including foundations, non-profit organizations,public and private superannuation funds, high-net-worth individualsand retail investors.