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BANKERS TRUST FORMS GLOBAL HIGH YIELD ASSET MANAGEMENT UNIT

 NEW YORK, Aug. 12 /PRNewswire/ -- Bankers Trust Company announced today that Stephen Freidheim and James Tucker will join the bank to build and manage a new global high yield asset management team as part of its Global Investment Management business. The new unit will be responsible for client portfolios in high yield bonds, mezzanine debt and bank loans of U.S. and foreign corporations. Both were formerly at Nomura Corporate Research and Assets Management.
 "Stephen and Jim bring an outstanding track record in high yield asset management to complement our strengths in investment grade U.S. and multicurrency fixed income management," said Ivan Wheen, managing director and head of Global Investment Management. "They will enable us to launch new credit-intensive investment products to meet the needs of our worldwide customers and help us reach new markets as well."
 Bankers Trust is one of America's four largest investment managers, with over $155 billion in assets under management for institutional and individual clients in the U.S., Europe, Asia, Latin America and the Middle East, including over $65 billion in actively managed fixed income portfolios.
 "The U.S. high yield market is moving from recovery over the past two years toward becoming a permanent part of the American capital markets," said Mr. Wheen. "We see tremendous opportunities for investors in both the U.S. and the rapidly expanding foreign high-yield corporate and sovereign debt markets."
 Mr. Freidheim will be responsible for portfolio management and trading. He was formerly head trader, director of research and a member of the board of directors at Nomura Corporate Research and Assets Management, which he helped build into one of the world's largest managers of high yield bonds. His prior position was director of research at Kidder, Peabody High Yield Asset Management. He is a graduate of Yale University.
 Before joining Nomura, Mr. Ticker was head of Kidder, Peabody's high yield assets management subsidiary, and previously a member of Kidder's investment banking unit, specializing in merchant banking and international transactions. While at Kidder, Peabody, Freidheim and Tucker worked together on the creation of the first public collateralized bond obligation (CBO) in 1989 and have since created over $4 billion in high-yield structured investment products. A graduate of the Harvard Law and Harvard Business schools, Mr. Tucker began his career at Sullivan and Cromwell, where he practiced corporate and securities law.
 Mr. Freidheim and Mr. Tucker will join Bankers Trust on Monday, Aug. 16, and will report to Win J. Neuger, managing director of active investment strategies.
 -0- 8/12/93
 /CONTACT: Tom Parisi of Bankers Trust, 212-454-1686/
 (BT)


CO: Bankers Trust Company ST: New York IN: FIN SU: PDT

SH-TS -- NY007 -- 2027 08/12/93 09:47 EDT
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Publication:PR Newswire
Date:Aug 12, 1993
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