2002 Media Releases

Deutsche Asset Management today announced its new senior management team in the Asia Pacific, following the decision by Regional and Australian CEO, Brian Scullin, to retire at the end of this year.

James Goulding will take up the role of Asia Pacific CEO of Deutsche Asset Management from 1 September this year, initially based in Tokyo. Mr Goulding has worked in the funds management industry for more than 16 years, ten of these with Deutsche Asset Management, including three years in the mid-nineties as Head of Asia. Most recently, Mr Goulding headed up Global Strategic Alliances within Deutsche Bank’s Private Clients & Asset Management business.

Ross Youngman has been appointed CEO of Australia, reporting to James Goulding. Based in Sydney, Mr Youngman will assume his new position on 1 October and will work closely with Brian Scullin for the remainder of the year to ensure a smooth transition of responsibilities. Australianborn Mr Youngman has worked in the United States for the past six years. He most recently was head of Deutsche Asset Management’s US Mutual Funds business and played a key role in the Zurich Scudder Investments acquisition and integration.

Mr Scullin has been Regional CEO of Deutsche Asset Management for the past three years, regularly commuting between Sydney, Tokyo and Singapore, with frequent trips to Frankfurt, London and New York. Mr Scullin will continue to work closely with Deutsche Asset Management through the end of this year, remaining on the boards of Deutsche’s legal vehicles in the Asia Pacific as well as a consultant to the local businesses through 2003.

Global head of Deutsche Asset Management, Tom Hughes, said “I have valued the extraordinary work Brian has done in the region and his input into our global strategy. He has played a key role in the integration of the Deutsche Bank and Bankers Trust businesses, and most recently the integration of the Scudder businesses in the Asia Pacific region.”

Media contacts:

Kristin Silva/Ainsley Gee
Corporate Communications
Tel: (02) 9249 9568 / (02) 9249 9904
0411 110 953 (Kristin)

About Deutsche Asset Management

Deutsche Asset Management is a key business unit of Deutsche Bank AG, one of the world’s strongest financial institutions. Deutsche Asset Management is one of the world’s largest asset managers, responsible for managing more than $A1.5 trillion on behalf of institutional and retail clients, as well as private investors in more than 60 countries.

In Australia, Deutsche Asset Management manages more than $A31.5 billion for Australian clients across all major domestic and international asset classes. Deutsche Asset Management is one of Australia’s largest institutional fund managers as well as one of the country’s largest alternative investment managers through its absolute return (hedge fund), private equity and real estate offerings.