Deutsche Bank Recognized by Reactions Magazine as Best Insurance Asset Manager

NEW YORK--(Business Wire)--
Deutsche Asset Management's insurance division has been awarded
Best Asset Manager by Reactions, the financial magazine for the global
insurance market. Reactions' 2008 Global Awards, as voted by readers
through an extensive insurance industry poll, were announced on August
26, 2008 at an awards dinner in New York. Reactions awards are
designed to recognize firms, deals, and initiatives in the insurance
and reinsurance markets that are performing a cut above the rest.

"Reactions decision to institute a Best Asset Manager award this
year gives credence to the growing importance of external asset
managers to insurers," said Randy Brown, a Managing Director and
Global Head of Deutsche Insurance Asset Management. "We are very
honored to win an award based on client feedback. Our partnership
approach to client service and highly customized portfolio management
has served our clients well for nearly 80 years. Our global platform,
delivered locally, has proven valuable to all of our clients, not just
multi-nationals."

Named the world's largest third-party manager of insurance
portfolios for four years running in Insurance Asset Manager's (IAM)
Annual Survey, Deutsche Insurance Asset Management led IAM's 2008
rankings by a wide margin with $160 billion in assets under
management, as of 31 December 2007. Deutsche Insurance Asset
Management's dedicated insurance investment professionals are located
in North America, Europe and Asia-Pacific and invest across a full
range of traditional and alternative strategies.

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 78,291 employees in 76 countries,
Deutsche Bank competes to be the leading global provider of financial
solutions for demanding clients creating exceptional value for its
shareholders and people.

www.db.com

About Deutsche Asset Management

With approximately $811.7 billion in assets under management
globally (as of 30 June 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.

Deutsche Bank
Mayura Hooper, +1-212-250-5536
Media Relations

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