DWS Scudder Strengthens Financial Institutions Group by Adding Stephen Reynolds as a Director

DWS Scudder, the US retail unit of Deutsche Bank’s Asset Management division, today announced the appointment of Stephen Reynolds as a Director and Senior Account Manager in the Financial Institutions Group (FIG) in Chicago. In his new role, Reynolds will be responsible for managing client relationships for the firm’s sub-advisory business in the US. He will report to Kim Mustin, a Managing Director, in DWS Scudder’s Financial Institutions Group, in New York. "The financial institutions sector is a key area of growth and focus for us,” said Philipp Hensler, CEO & Chairman, DWS Scudder Distributors Inc. "We are delighted to have Stephen on board as we strengthen our presence and continue to provide consultants with the quality service they need to do their jobs.” The Financial Institutions Group is dedicated to bringing the full breadth of investment solutions available from DWS Scudder to financial institutions. Reynolds brings more than 17 years of investment experience to DWS Scudder, most recently as a Senior Vice President, Institutional Sales, at Ziegler Capital Management in Chicago, IL. Prior to joining Ziegler, he was an institutional sales account manager with PIMCO. Reynolds earned an MBA from Loyola University in Chicago and a BA from Loyola University in New Orleans. NOT FDIC/NCUA INSURED   MAY LOSE VALUE   NO BANK GUARANTEE  NOT A DEPOSIT   NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY DWS Scudder DWS Scudder is part of Deutsche Asset Management, which is the marketing name in the US for the asset management activities of Deutsche Bank AG, Deutsche Bank Trust Company Americas, Deutsche Investment Management Americas Inc. and DWS Trust Company. About Deutsche Asset Management With approximately $818 billion in assets under management globally (as of 30 March 2008), 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 78,275 employees in 76 countries, Deutsche Bank offers unparalleled financial services 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.dws-scudder.com www.db.com R-4172-1 (05/08)