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Lord Levene joins Bankers Trust

LORD LEVENE, (left) who is shortly to become the next Lord Mayor of London, is to join Bankers Trust as chairman of Bankers Trust International the European and Middle Eastern arm of the New York bank.

The appointment, which becomes effective on Monday, is intended to boost the City profile of Bankers Trust, which last year acquired the former NatWest Markets, giving it a substantial presence in the UK equity market. BT's chairman and chief executive officer, Frank Newman, said that Lord Levene's "banking, corporate and governmental experience" will prove invaluable.