Deutsche Bank Alex. Brown Names Ned Kennedy as Branch Manager for Its

    Business Editors/Financial Editors

    NEW YORK--(BUSINESS WIRE)--April 5, 2005--Deutsche Bank Alex. Brown, the U.S. Private Client Services division of Deutsche Bank Securities Inc., today announced it has appointed Ned Kennedy as Managing Director and Branch Manager of its Chicago office. Ned will report to John Dudzik, Head of Branch Management for Private Client Services (PCS).
    Before joining Deutsche, Mr. Kennedy spent seven years at Bank of America Financial Services, which was a predecessor to Montgomery Securities. He began his career in the financial services industry at Morgan Stanley Private Wealth Management and held similar positions at Kidder Peabody and Solomon Brothers.
    "We view Chicago as one of our most important strategic opportunities for growth within Private Client Services," said John Dudzik, Head of Branch Management. "We're excited that a professional with Ned's reputation, experience and proven track record will be able to actualize our growth potential in the Chicago market."
    "Deutsche Bank Alex. Brown is focused on significantly increasing our sales force and under the leadership of Ned Kennedy, Chicago represents a significant opportunity for us to fulfil that goal," said Corky Crozier, Head of Private Client Services.

    About Deutsche Bank

    With roughly Euro 849 billion in assets and approximately 65,700 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 & business banking franchise in Germany and other selected countries in Continental Europe.
    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.

    www.deutsche-bank.com

    www.alexbrown.db.com

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CONTACT: Deutsche Bank Rosalia Scampoli, 212-250-5536

KEYWORD: ILLINOIS NEW YORK INDUSTRY KEYWORD: BANKING MANAGEMENT CHANGES SOURCE: Deutsche Bank

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