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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) January 11, 1996
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BANKERS TRUST NEW YORK CORPORATION
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(Exact name of registrant as specified in its charter)
NEW YORK
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(State or other jurisdiction of incorporation)
1-5920 13-6180473
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(Commission file number) IRS employer identification no.)
280 PARK AVENUE, NEW YORK NEW YORK 10017
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (212) 250-2500
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ITEM 5. OTHER EVENTS
On January 11, 1996, Bankers Trust New York Corporation issued a
press release announcing that Richard H. Daniel will join Bankers Trust New
York Corporation and Bankers Trust Company as chief financial officer.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
99.1 Press Release of Bankers Trust New York Corporation, dated
January 11, 1996.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BANKERS TRUST NEW YORK CORPORATION
By /s/ Gordon S. Calder, Jr.
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Gordon S. Calder, Jr.
Assistant Secretary
date: January 11, 1996
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INDEX TO EXHIBITS
99.1 Press release of Bankers Trust New York Corporation, dated January 11,
1996.
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Exhibit 99.1
BANKERS TRUST NEW YORK CORPORATION
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NEWS RELEASE
For Release:
RICHARD DANIEL TO JOIN BANKERS TRUST AS CFO
New York, January 11, 1996 -- Richard H. Daniel, who has been chief
financial officer of Freddie Mac, will join Bankers Trust New York
Corporation and Bankers Trust Company as chief financial officer, it was
announced today by Frank N. Newman, president and chief executive officer
of Bankers Trust.
Mr. Daniel will have responsibility for Bankers Trust's financial
functions, reporting to Mr. Newman. He will be a member of Bankers Trust's
Operating Committee and serve as vice chairman of the Asset and Liability
Committee.
"Dick Daniel will bring experience and judgment to Bankers Trust that
will benefit our clients and shareholders and will be a great addition to
our senior management team. I am delighted that he will once again be my
colleague," said Mr. Newman, who worked with Mr. Daniel at both BankAmerica
and Wells Fargo.
Mr. Daniel will assume his new responsibilities in early February.
Timothy T. Yates, who announced in June of last year his plans to retire as
Bankers Trust's chief financial officer, will assist Mr. Daniel during a
transition period. "We are sorry to see Tim leave the firm, but are
fortunate to have someone of Dick's caliber as Tim's replacement," Mr.
Newman said.
"Bankers Trust is indeed fortunate that its chief financial officer
responsibilities will continue to be in exceptionally competent hands,"
said Bankers Trust Chairman Charles S. Sanford, Jr. "Dick Daniel, like Tim
Yates, has earned the respect of the financial community for his record as
an astute and innovative financial executive. We are grateful for Tim's 24
years of dedicated service to Bankers Trust."
Mr. Daniel has been chief financial officer of Freddie Mac since June
of 1994, responsible for the firm's control, financial research,
shareholder relations and corporate finance departments, as well as for
asset and liability strategy for Freddie Mac's $520 billion mortgage
business.
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He was executive vice president and director of financial analysis and
planning for BankAmerica Corporation from 1987 to 1994, and was earlier
with the Fannie Mae, from 1983 to 1987, as senior vice president for
mortgage-backed securities. He was with Wells Fargo Bank from 1973 to 1983,
where his management responsibilities included head of mortgage lending
operations.
Mr. Daniel who is 49 years old, received an AB degree in economics
from Harvard College and an MBA degree in finance from the Harvard Graduate
School of Business Administration.
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For additional information, contact Doug Kidd, Bankers Trust
(212) 454-3532.
