Deutsche Bank Alex. Brown Names John Dudzik, Head of Branch Management

    Business Editors

    NEW YORK--(BUSINESS WIRE)--March 31, 2005--Deutsche Bank Alex. Brown, the U.S. Private Client Services division of Deutsche Bank Securities Inc., today announced it has appointed John Dudzik as Head of Branch Management and Mackey Hughes as Head of Sales Management and Business Development. John will oversee the management of all 14 branch offices, with Branch Managers reporting directly to him. His chief responsibilities will include growing market share, enhancing the profitability of branch offices and fulfillment of regulatory obligations. John is also responsible for recruiting and targeting significant growth in the sales force. He will continue to manage the Private Client Services (PCS) Middle Market Equity business and report to Corky Crozier, Head of Private Client Services.
    In addition, Mackey Hughes was named Head of Sales Management and Business Development. In this role, he will have responsibility for key revenue initiatives and business development functions within PCS, working closely with John Dudzik and Branch Managers. Mackey will also work directly with the sales force and Product Management and Investment Solutions (PMIS) to leverage Deutsche Bank's extensive product platform and generate business opportunities. He will also report to Mr. Crozier.
    "As Deutsche Bank Alex. Brown continues to maintain its positive growth momentum, we are pleased to announce the appointments of both John and Mackey to their new positions within PCS," said Mr. Crozier. "John and Mackey's proven track record in identifying business opportunities to benefit our clients and in contributing to the firm's significant recruiting successes, will add to the group's progress.

    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 Press Office: Rosalia Scampoli, 212-250-5536

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

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