Deutsche Bank Securities Inc. has reported the formation of a "special situations" group within its global markets division that will specialize in principal transactions involving all types of consumer and commercial credit.Erik Falk has been named managing director and head of the group, which is based in New York but also has staff in London. Mr. Falk was previously managing director, head of integrated sales, and co-head of securitized product sales in the Americas for Deutsche Bank. Deutsche Bank can be found on the Web at http://www.deutsche-bank.com.
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