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BT SECURITIES APPOINTS HEAD OF INVESTMENT GRADE CORPORATE BOND TRADING

 -- David A. Hirst Joins Jacques de St. Phalle in Spearheading
 Investment Grade Operation --
 NEW YORK, June 1 /PRNewswire/ -- BT Securities Corporation (BT Securities) today announced the appointment of David A. Hirst, 35, as vice president in its Investment Grade Corporate Bond Group, effective immediately. Mr. Hirst, who comes to BT Securities from J.P. Morgan Securities Inc., will report to Mark Patterson, managing director.
 Mr. Hirst will head the secondary trading operation of the group and will be acting in partnership with Mr. de St. Phalle in developing BT Securities investment grade corporate bond business. Mr. de St. Phalle recently joined BT Securities from Bear Stearns where he was a syndicate trader for four years. Prior to Bear Stearns, Mr. de St. Phalle was the Fixed Income syndicate manager and Medium-Term Note head at Citicorp Securities for four years.
 "We were extremely pleased to be able to identify the ideal candidate for this position. As a highly regarded corporate bond trader, familiar with the competitive environment of this market, David is ideally suited to strengthen our position in investment grade corporate bond trading," said Mark Patterson. "The combination of Jacques and David will be very powerful as we embark on growing this business."
 Prior to joining BT Securities, Mr. Hirst was with J.P. Morgan Securities Inc. for three years as a senior corporate bond trader. Before that, he was with Morgan Stanley & Co. for five years as a corporate bond trader.
 Mr. Hirst received a B.S. degree in economics from the University of Pennsylvania's Wharton School in 1979 and an M.B.A. from the Stanford Business School in 1984.
 BT Securities Corporation is a wholly-owned subsidiary of Bankers Trust New York Corporation (NYSE: BT).
 -0- 6/1/93
 /CONTACT: Suzanne Quigley of Bankers Trust New York, 212-454-1615/
 (BT)


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

WB-TM -- NY085 -- 4116 06/01/93 16:33 EDT
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Publication:PR Newswire
Date:Jun 1, 1993
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