Deutsche Bank Names Executive

Deutsche Bank Group said three closed-end equity funds it manages - Germany Fund Inc., New Germany Fund Inc., and Central European Equity Fund Inc. - have hired Hanspeter Ackermann as portfolio manager.

He succeeds John Abbink, who will assume responsibilities as investment strategist for Deutsche Bank Trust Co.

Mr. Ackermann was president of Eiger Management Inc. Earlier he was with Swiss Bank Corp. as managing director and chief investment officer of SBC Portfolio Management Inc.

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