DWS Investments Hires Jeffrey Diamond as a Director, Senior National Account Manager & Head of U.S. Offshore Distribution

DWS Investments, the US retail unit of Deutsche Bank’s Asset Management division, today announced the appointment of Jeffrey Diamond as a Director, Senior National Account Manager and Head of U.S. Offshore Distribution. Diamond will be responsible for the UBS firm relationship within the Broker Dealer channel and will also focus on establishing and building DWS Investments’ offshore business within the US. He will be based in New Jersey and will report to Michael Woods, a Managing Director, CEO and US Head of Distribution for DWS Investments Distributors Inc.

"We are pleased to have Jeff join DWS Investments at this critical time of growth,” said Michael Woods. "His knowledge and successful track record working with national broker dealers and building offshore distribution businesses will be key in helping us to deliver our investment solutions to a new and growing client-base.

Diamond has over 12 years experience working with broker dealer firms. He joins DWS Investments from UBS where he served as an Executive Director in National Accounts, responsible for building UBS Global Asset Management’s offshore distribution business within the Americas. Earlier in his career, Diamond served as an Account Manager at UBS Global Asset Management responsible for growing the sub-advisory and third party distribution business. Diamond earned a BS degree from Syracuse University. He is a FINRA Registered Representative, Series 3, 7, and 66.

DWS Investments also announced the appointment of eight new Vice Presidents (VP) and Regional Vice Presidents (RVP) in the Broker Dealer, Registered Investment Advisor (RIA) channels, and Financial Advisor Division (FAD).

Michael Maddox joins as a RVP in the RIA channel, formally a VP at Evergreen Investments; Angelo Pirri joins as a RVP in the RIA channel, formerly a VP at Julius Baer Investment Management; Michael Fredrick joins as a RVP in the RIA and FAD channels, formally a RVP at Columbia Management & Riversource Investments; Douglas Macomber joins as RVP in the RIA and FAD channels, formally a RVP at Van Kampen Investments. They will report to Benjamin LeFevre, Director, Divisional Sales Manager.

Chad Stone joins as a RVP in the BD channel, formally a RVP at The Hartford; Neil Rothman joins as a RVP in the BD channel, formally a RVP at Lord Abbott; Richard Kline joins as a RVP in the BD channel, formally a RVP at Delaware Investments. They will report to Richard Kozlowski, Divisional Director, Broker Dealer Division.

Thomas Wagner joins as a VP and a National Accounts Manager in the RIA and Independent channels, formally a VP at Fidelity Investments. Tom will report to Nicole Grogan, a Senior National Accounts Manager, RIA and Independent channels.

"We are delighted to welcome such a diverse group of talented Vice Presidents and Regional Vice Presidents to DWS Investments,” added Woods. "Recruiting and retaining top producing talent remains central to meeting our immediate and long term client goals.

For further information about DWS Investments, please contact:

Lemuel (Lem) Brewster
+1 212-454-2085
lem.brewster@db.com
Deutsche Bank Media Relations

About DWS Investments

DWS Investments is the US retail brand of Deutsche Bank’s global asset management division. DWS is the leading mutual fund brand in Germany and one of the most respected in Europe and Asia. With access to the expertise of a powerful global network in 16 countries, DWS Investments strives to make innovative investment strategies and solutions, traditionally reserved for institutions and high net worth individuals, available to the US retail investor.

DWS Investments manages over $122 billion (as of 6/30/2010) in retail and retirement assets in more than 175 mutual funds and variable insurance portfolios across all major asset categories in the US. Organizations under the DWS brand manage approximately $337 billion globally (as of 6/30/2010).

For more information, visit: www.dws-investments.com.

About Deutsche Asset Management

With approximately $709 billion in assets under management globally as of 30 December 2009, Deutsche Bank’s Asset Management division is one of the world's leading investment management organizations, not just in size, but in quality and breadth of investment products, performance and client service. The Asset Management division provides a broad range of investment management products across the risk/return spectrum.

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 81,929 employees in 72 countries, 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 Securities Inc., member NYSE, FINRA and SIPC, is the investment banking and securities arm of Deutsche Bank AG in the United States.

www.db.com

DWS Investments is part of Deutsche Bank's Asset Management division and, within the US, represents the retail asset management activities of Deutsche Bank AG, Deutsche Bank Trust Company Americas, Deutsche Investment Management Americas Inc. and DWS Trust Company.

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