Deutsche Asset Management names Bernd Scherer Head of Research Center for Quantitative Strategies Group

"The outstanding work of Bernd and the Research Team will becentral toward meeting the goal of the Quantitative Strategies Group,which is to be the leading provider of innovative quantitativeinvestment solutions worldwide," said Janet Campagna, Global Head ofQuantitative Strategies.

Scherer, who had most recently served as the head of QuantitativeStrategies' investment solutions and overlay management group inFrankfurt, has achieved a reputation during his 10-year career as anexpert on asset valuation, portfolio construction, strategic assetallocation and asset liability modeling. A much sought-after speaker,Bernd has also published several books, including PortfolioConstruction and Risk Budgeting, Liability Hedging and PortfolioChoice, Introduction to Modern Portfolio Optimization and his latestwork, Asset and Liability Management Tools: A Handbook for BestPractice. Bernd has a Master's degree in economics from the Universityof Augsburg, a MS from the University of London and a PhD from theUniversity of Giessen. Bernd is an adjunct professor of finance at theEuropean Business School and the University at Augsburg.

Other members of the Research Center team include Colm O'Cinneideand Xiadong Xu. Colm is the senior director of quantitative research,having joined DeAM in 2000 after 18 years of experience in facultypositions at the University of Arkansas and Purdue University. He hasa Ph.D. from the University of Kentucky and also holds a B.S. and anM.S. from the National University of Ireland. Colm is an adjunctprofessor of finance at Columbia University. Xiadong is a quantitativeresearch analyst who joined the company this year after earning hisdoctorate from Northwestern University. He also holds a B.A. and aB.E. from University of Science and Technology of China.

About Deutsche Asset Management

With approximately US$666 billion in assets under management (asof 9/30/05), Deutsche Asset Management is one of the world's leadinginvestment management organizations, not just in size, but in qualityand breadth of investment products, performance and client service.Deutsche Asset Management is geographically divided into three regions- the Americas, Europe and Asia Pacific, providing a broad range ofinvestment management products across the risk/return spectrum.Deutsche Asset Management is the marketing name in the US for theasset management activities of Deutsche Bank AG, Deutsche Bank TrustCompany Americas, Deutsche Asset Management Inc., Deutsche AssetManagement Investment Services Ltd., Deutsche Investment ManagementAmericas Inc. and Scudder Trust Company.