Deutsche Appoints New Loan

16 May - Deutsche Bank has appointed Stuart Lewis as global head of the bank's loan exposure management group (LEMG) as of July 1, 2005. He will succeed Betsy Gile, the group's current head, who has announced her retirement. Lewis, currently head of LEMG in Europe, joined Deutsche Bank in 1996. Prior to joining LEMG in July 2003, he was deputy chief credit officer of the corporate and investment bank and spent seven years in various roles within credit risk management. Lewis, who will be based in London, will report to Hugo Banziger, group chief credit officer.

Gile joined Deutsche Bank in March 2003 and spearheaded the roll-out of capital markets-based pricing for all new corporate loans and the implementation of active portfolio management. Sean Kavanagh will assume the position of deputy global head of LEMG based in New York. Kavanagh will be responsible for international securitisation and risk management within LEMG, in addition to his role as head of LEMG Americas. Kavanagh joined Deutsche Bank in July 2001 to run the credit derivatives hedging practice of the international investment-grade lending business. He will report to Lewis.