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Monday, January 28, 2008

DWS Scudder Hires Four for Distribution Team

News summary by MFWire's editors

DWS Scudder's have been working overtime. The U.S. retail arm of Deutsche Asset Management has brought in four wholesalers for its financial advisor division. The new recruits include Kenneth Rosenson, who will cover Los Angeles; Daniel Hinckle, responsible for the Carolinas; Matthew Hilding, responsible for Illinois; and Glenn Garbutt, responsible for Eastern Pennsylvania. The new hires take the title of regional vice president and report to Matt Eisenhardt, national sales manager of the financial advisor division.

Company Press Release

DWS Scudder, the U.S. retail unit of Deutsche Bank’s Asset Management division (DeAM), today announced the appointment of four senior professionals to the firm’s wholesale distribution team. The new team members are: Kenneth A. Rosenson, Regional Vice President covering Los Angeles market; Daniel W. Hinckle, Regional Vice President responsible for distribution in the Carolina’s; Matthew T. Hilding, Regional Vice President responsible for the Illinois region; and Glenn J. Garbutt, Regional Vice President responsible for Eastern Pennsylvania. The new hires will be part of the Financial Advisor Division and will report to Matt Eisenhardt, National Sales Manager of the Financial Advisor Division.

“As we continue to strengthen our wholesale distribution team, we are pleased to have these high-caliber professionals join our team of experienced wholesalers,” said Tom Winnick, President of DWS Scudder Distributors/Deutsche Bank Group. “We are excited about the future and are fortunate to have the ability to attract world-class talent such as these individuals to our distribution force to support the investment advisor community.”

Before joining DWS Scudder, Kenneth Rosenson was a Vice President and regional sales manager for Oppenheimer Funds Inc., based in Los Angeles. In this position, he was responsible for sales, marketing, management and wholesaling activities of investment solutions to financial advisors. With over 13 years of experience in wholesaling mutual funds, Rosenson represented one of the top regions within the third best-selling non-proprietary mutual fund family. Prior to Oppenheimer Funds, he was an Internal Wholesaler for Dreyfus Service Corporation in Uniondale, NY, where he was responsible for distributing mutual funds and Transamerica’s variable annuity with Dreyfus’ sub-accounts. Rosenson earned a BA from the Undergraduate School of Business in Marketing at Emory University in Atlanta.

Matthew T. Hilding joins DWS Scudder from John Hancock Funds, where he was a Regional Business Consultant, based in Chicago. Prior to that, he was a regional wholesaler at Van Kampen Investments, based in Houston where he finished in the top tier in key accounts for 2005 and 2006. He has also held positions at AIG SunAmerica as a Divisional Marketing Director and Country Companies Insurance as a Licensed Insurance Agent. A Chartered Retirement Planning Counselor (CRPC), Hilding earned a BA in Risk Management from Illinois Wesleyan University in Bloomington, IL.

Glenn J. Garbutt, who has over 10 years of experience in wholesaling, joins DWS Scudder from Fidelity Investments, where he was a Vice President responsible for wholesaling the Fidelity Advisor Funds and 401k to wirehouses, banks and independent firms. Prior to Fidelity, Garbutt was Regional Vice President of MFS/Sun Life Financial, where he was responsible for wholesaling various types of annuities to banks. He ranked #2 of 15 bank channel wholesalers in 2004. Mr. Garbutt earned a BA in English from The Pennsylvania State University.

Daniel W. Hinckle joined DWS Scudder from The Hartford/Planco, where he was a Regional Director responsible for distributing variable annuities to national brokerage and other financial management firms. Mr. Hinckle holds a BS in History from Loyola University in New Orleans and a M.S. in History from Temple University in Philadelphia.


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 $798 billion in assets under management globally (as of September 30, 2007), 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 77,920 employees in 75 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.

Edited by: Erin Kello

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