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DEUTSCHE BANK NORTH AMERICA HOLDING CORP. MERGES THREE U.S SUBSIDIARIES TO FORM DEUTSCHE BANK SECURITIES CORPORATION

 NEW YORK, Sept. 30 /PRNewswire/ -- Effective today, C.J. Lawrence Inc., Deutsche Bank Capital Corporation, and Deutsche Bank Government Securities, Inc. have been merged to form Deutsche Bank Securities Corporation.
 Deutsche Bank Securities Corporation is a subsidiary of Deutsche Bank North America Holding Corp. and will be the U.S. investment banking arm of the Deutsche Bank Group, Germany's largest bank and financial services organization.
 John A. Rolls, CEO of Deutsche Bank North America Holding, announced that James E. Moltz, formerly CEO of C.J. Lawrence, will be CEO of the new company.
 "Deutsche Bank Securities will be able to offer clients a wide range of securities services, including a strong international component," said Mr. Moltz, commenting on the merger.
 Each of the three merged entities brings to Deutsche Bank Securities a different range of products and services:
 -- C.J. Lawrence, a leading provider of equity research, is extensively engaged in trading and underwriting U.S. equities.
 -- Deutsche Bank Government Securities is a primary dealer in U.S. treasuries, active in all segments of the treasury market.
 -- Deutsche Bank Capital is active in international securities, with extensive market-making capabilities in the ADRs and ordinary shares of European companies, as well as fixed income securities denominated in all major currencies.
 The activities of C.J. Lawrence will be conducted under the name of C.J. Lawrence/Deutsche Bank Securities Corporation.
 -0- 9/30/93
 /CONTACT: Richard Phillips of HP Corporate Communications, 212-243-9777/


CO: Deutsche Bank North America Holding Corp. ST: New York IN: FIN SU:

LG-OS -- NY034 -- 7213 09/30/93 11:01 EDT
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Publication:PR Newswire
Date:Sep 30, 1993
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