RREEF Names High-Yield Debt Chief

Drew Fung has been named head of U.S. high-yield debt investments at RREEF, the New York-based real estate arm of Deutsche Asset Management, Deutsche Bank's global investment management business.Mr. Fung most recently oversaw subordinate debt production at CWCapital, and before that he was employed by Lend Lease. RREEF said the firm's high-yield debt investment team will specialize in a wide variety of structured investment options, such as mezzanine, B-notes, preferred equity, and bridge loans. RREEF also announced that Thanh Bui has joined the team as a vice president, reporting to Mr. Fung. She will help lead production efforts for the group. Deutsche Bank can be found online at http://www.db.com.