Deutsche Asset Management Names Michael Radin Senior Product Specialist for Quantitative Strategies Group

Business Wire, April 19, 2006

NEW YORK -- Deutsche Asset Management (DeAM) today announced that Michael Radin, CFA, has joined the Quantitative Strategies Group as a Senior Product Specialist for its Multi Manager Global Macro Platform (iGAP) and Currency strategies. Radin is based in New York and is responsible for product management and strategy for iGAP,. Additionally he will represent the platform to institutional and high-net-worth channels. He reports to James Norman, Global Head of Product Specialists for the Quantitative Strategies Group, and is a member of the iGAP Oversight Committee.

"In light of the strong growth of our iGAP and currency platforms, as well as the launch of several new products, we are excited to add someone of Michael's caliber to our group to enhance the further growth of our business," said Janet Campagna, Global Head of the Quantitative Strategies Group.

Radin joins DeAM with over 20 years of experience. For the last five years, he had been an Executive Director and Institutional Coverage Officer for Morgan Stanley, where he was responsible for coverage of the Midwest US region. Prior to that, he served as Senior Manager, Asset Management, for DaimlerChrysler Corporation responsible for asset allocation & strategy, external investment managers and risk management. Radin holds a BS in chemical engineering from the University of Michigan and a MBA from the Wharton School of the University of Pennsylvania.

The Quantitative Strategies Group works with clients to leverage its global expertise in quantitative analysis, research, portfolio management and infrastructure. The group manages assets across multiple strategies, including Portable Alpha, US, International and Global Equity, Tax Managed Equity, Multi-Asset Class and Currency Overlays. As of December 31, 2005 the group had over $57 billion in assets, including assets under management, assets under administration and notional asset values.

About Deutsche Bank

Deutsche Bank 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 992 billion in assets and 63,427 employees, Deutsche Bank offers unparalleled financial services in 73 countries 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.

www.db.com

About Deutsche Asset Management

Deutsche Asset Management is the global asset management business of Deutsche Bank AG, with AUM of US$630 billion (as of 12/31/05). It is one of the world's leading investment management organizations in terms of the quality and breadth of investment products, asset management expertise and client service. DeAM provides asset management capabilities to a variety of clients worldwide including foundations, non-profit organizations, public and private superannuation funds, high-net-worth individuals and retail investors.