Deutsche Insurance Division Kaj as Global Strategic Development

Deutsche Bank's Asset Management division today announced that Kaj Ahlmann has joined the firm as a Managing Director and Global Head of Strategic Business Development in Deutsche Insurance Asset Management. He is based in San Francisco and reports to Randy Brown, Managing Director and Global Head of Deutsche Insurance Asset Management.

Ahlmann was formerly Chairman, President and Chief Executive Officer of Employers Reinsurance at GE Capital Services and has over 35 years of experience in the insurance industry. He currently serves on the boards of Cyrus Re, The American Institute for CPCU, RLI Corporation and Six Sigma Academy. He will continue to chair Deutsche Insurance Asset Management's Global Insurance Advisory Council, a group of senior executives and industry experts who provide analysis of the critical issues and trends facing the insurance industry. The council advises company management on the products and services that will meet the long-term needs of clients.

Ahlmann founded Six Sigma Ranch LLC, a consulting firm providing services to insurance, reinsurance and financial services companies. Prior to that, he was Chairman and Chief Executive Officer of inreon, a global electronic reinsurance venture created by Munich Re, Swiss Re, Internet Capital Group and Accenture, and Vice Chairman and Executive Officer of E.W. Blanch Holdings.

"Our global team is dedicated to providing investment programs designed for the specific needs of insurers," said Brown. "Kaj's knowledge of the insurance industry is second to none, and his experience is a tremendous benefit to our clients and our team. He will continue to play a key role in building close partnerships with insurers, enabling us to create solutions that assist clients in achieving their objectives."

Deutsche Insurance Asset Management has been named the world's largest third-party manager of insurance portfolios for four years running in Insurance Asset Manager's annual survey and for the second consecutive year was awarded Best Asset Manager by Reactions magazine. As of June 30, 2009, the business managed approximately $156 billion of assets for clients worldwide. With dedicated insurance investment professionals in North America, Europe and Asia-Pacific, Deutsche Insurance Asset Management invests across a full range of traditional and alternative strategies globally.

About Deutsche Bank

Deutsche Bank (NYSE: DB) 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 78,896 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.

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About Deutsche Asset Management

With approximately $646.07 billion in assets under management globally (as of 30 June 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.