<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
F0RM 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) March 18, 1999
BANKERS TRUST CORPORATION
-------------------------------------------------------
(Exact name of registrant as specified in its charter)
NEW YORK
--------------------------------------------------------
(State or other jurisdiction of incorporation)
1-5920 13-6180473
- ------------------------ ---------------------------------
(Commission file number) (IRS employer identification no.)
130 LIBERTY STREET, NEW YORK, NEW YORK 10006
-------------------------------------------- ---------
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code (212) 250-2500
--------------
<PAGE>
Item 5. OTHER EVENTS
- --------------------
(a) On March 18, 1999, the Registrant and Deutsche Bank A.G. announced that
a decision had been made to sell BT Funds Management, the asset management arm
of the Registrant in Australia. This Current Report on Form 8-K files the press
release containing the announcement which contains certain information to be
incorporated into currently effective registration statements filed by the
Registrant with the Securities and Exchange Commission under the Securities Act
of 1933, as amended.
<PAGE>
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits
(99.1) Press Release of the Registrant dated March 18, 1999.
<PAGE>
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 thereunto duly authorized.
BANKERS TRUST CORPORATION
By: /s/ James T. Byrne, Jr.
James T. Byrne, Jr.
Senior Vice President
----------------------
Date: March 19, 1999
<PAGE>
BANKERS TRUST CORPORATION
FORM 8-K DATED MARCH 18, 1999
EXHIBIT INDEX
Exhibit
Number Description of Exhibit
(99.1) Press Release of the Registrant dated March 18, 1999.
This report contains forward looking statements which are subject to certain
risks and uncertainties. These risks and uncertainties could cause actual
results to differ materially from the current statements. See also "Important
Factors Relating to Forward Looking Statements" contained in the Corporation's
Annual Report.
<PAGE>
Exhibit 99.1
PRESS RELEASE
BANKERS TRUST DEUTSCHE BANK [LOGO]
Frankfurt am Main, New York and Sydney, March 18, 1999
Deutsche Bank and Bankers Trust to sell BT Asset Management activities in
Australia and New Zealand
Deutsche Bank AG and Bankers Trust Corporation today announced that a decision
has been made to sell BT Fund Management (BTFM), the asset management arm of
Bankers Trust in Australia.
Earlier this year it was announced that Deutsche Bank would not integrate BTFM
Australia into its global asset management business but planned to maintain it
as a separate entity preserving its strong brand name and distinct investment
style and process. By contrast Deutsche Bank is well advanced in its plans to
integrate Bankers Trust's significant asset management businesses in the US and
Japan with its own asset management businesses in those countries which will
establish sizeable platforms for future growth.
As a result of an ongoing strategy review within Deutsche Bank and Bankers Trust
regarding the global strategic positioning of the combined entity and in
consideration of the overlaps with Deutsche Bank's existing business in
Australia and the combined market position of the two businesses, a decision has
been made to sell BTFM, the market leader in the retail mutual funds business
and number two in institutional fund management.
The planned sale marks a further step in the integration process of Deutsche
Bank and Bankers Trust. The sale will not be closed before completion of the
Deutsche Bank / Bankers Trust merger.
BTFM is the second largest institutional funds manager and the largest retail
mutual
Issued by the Press Department of Deutsche Bank AG
60262 Frankfurt/Main, Germany
Taunusanlage 12, 60325 Frankfurt/Main, Germany
Internet: http://www.deutsche-bank.de
http://www.deutsche-bank.de/presse
<PAGE>
Press Release Page 2 [LOGO]
- -------------------------------------------------------------------------------
fund (unit trust) manager in Australia with a market share of approximately 8.5%
and strong investment management capabilities. BTFM had assets under management
of approx. USD 26 billion at the end of 1998, spread roughly equally between
wholesale clients and retail clients. BTFM offers a full range of "actively
managed" products, including Australian and international equities, emerging
market equities, Australian and global fixed income, currency management, as
well as asset allocation and property. The business also includes BT Portfolio
Services, BT Margin Lending and the New Zealand funds management operations.
Last month it was announced that Bankers Trust's Australian investment bank is
to be sold in its entirety. That sale process is continuing. The sales process
for the divestment of both the businesses will be conducted as expeditiously as
possible.
After the sale of BTFM Australia the combined Deutsche Bank / Bankers Trust will
have assets under management of approx. USD 670 billion with a strong presence
in the US, Europe and Asia/Pacific, placing the Group number four worldwide in
terms of funds under management.
