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JOHN A. ROLLS TO HEAD DEUTSCHE BANK IN NORTH AMERICA

 JOHN A. ROLLS TO HEAD DEUTSCHE BANK IN NORTH AMERICA
 NEW YORK, Sept. 29 /PRNewswire/ -- Deutsche Bank today announced the


appointment of Mr. John A. Rolls as president and chief executive officer of Deutsche Bank North America Holding Corp. In this position, Mr. Rolls will be responsible for Deutsche Bank's operations in the North American region, which is comprised of the United States, Canada and Mexico. Mr. Rolls joins Deutsche Bank from United Technologies Corp.
 In May 1992, Deutsche Bank announced plans to restructure and further develop its North American operations to become a leading player in key commercial and merchant banking sectors of the North American market, with an emphasis on corporate finance, the credit and capital markets and trading operations.
 In line with its strategy to emphasize corporate business, the bank decided to put an experienced North American executive in charge of its further development in North America. "We wanted a top man who knows the corporate world," said Ronaldo H. Schmitz, Deutsche Bank's board member supervising the group's operations in North America from Frankfurt, Germany, "and we are very happy to have John Rolls join us."
 For most of his career, Mr. Rolls has worked in the field of Finance. He was born in Hamilton, Ontario, in 1941. He earned a B.A. at Ohio State University and an M.B.A. at the Columbia University Graduate School of Business. In 1974, he joined Monsanto Co. in St. Louis, becoming its chief financial officer Europe in Brussels one year later. In 1979, he returned to St. Louis to become corporate treasurer. In 1982, he was appointed vice president and treasurer at RCA Corp. and two years later became RCA's senior vice president and chief financial officer. In 1986, Mr. Rolls joined United Technologies in Hartford, Conn., as executive vice president and chief financial officer.
 At Deutsche Bank North America, Mr. Rolls will supervise a business dedicated to lending relationships with large U.S. and Canadian corporations, asset-based and project financings, investment banking activities and, to an increasing extent, business with financial institutions and private banking clients. Additionally, the bank has substantial trading operations in the areas of foreign exchange, swaps and securities, in particular through the bank's primary dealer subsidiary.
 Mr. Rolls and his wife, Betsy, have two sons and will live in Armonk, N.Y.
 -0- 9/29/92
 /CONTACT: Detlev Staecker, 212-474-8021, or Richard Phillips of HP Corporate Communications, 212-243-9777, both for Deutsche Bank/ CO: Deutsche Bank ST: New York IN: FIN SU: PER


CK-OS -- NY040 -- 4377 09/29/92 12:08 EDT
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Publication:PR Newswire
Date:Sep 29, 1992
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