Chief Steps Down at Alex. Brown
The New York Times
September 15, 2001
London, Sept. 14 (Bloomberg News) - Deutsche bank A.G., Europe's largest bank, said Mayo Shattuck III quit as head of its United States security unit, Alex. Brown.
Mr. Shattuck's duties will be taken over by Tom Hughes, the recently named chief executive of PCAM North America, Deutsche Bank's private-banking and asset-management unit in the United States.
Mr. Shattuck, 46, who worked for Alex. Brown for 16 years, was made co-head of investment banking in January, overseeing Deutsche Bank's 400 brokers who cater to wealthy clients.
With Yves de Balmann, he helped manage the bank's corporate finance business after Deutsche Bank bought the Bankers Trust Corporation in 1999. Mr. De balmann stepped down in February.
Mr. Shattuck and Mr. de Balmann were vice chairmen of Bankers Trust and co-chairmen and co-chief executives of BT Alex. Brown after those two banks merged in 1997.
Copyright 2001 The New York Times Company
FAIR USE NOTICE: This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of criminal justice, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.