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22 Jun 2007

Deutsche Bank Launches Hedge Fund Consulting Business

Deutsche Bank Securities Inc. announced plans to launch a hedge fund consulting business. John Budzyna has joined as a managing director and head of hedge fund consulting within the bank’s Global Prime Finance business. At Deutsche Bank, Budzyna will build and manage the new hedge fund consulting business. He is based in New York and reports to Barry Bausano and Jonathan Hitchon, Co-Heads of Global Prime Finance.

“We are pleased to welcome John to our team and confident that his vast experience offering strategic advice to hedge funds on accounting, operations and best practices will provide the insight necessary to make our hedge fund consulting business a success,” said Bausano.

Earlier this year, Deutsche Bank Global Prime Finance was named the #2 global provider of prime brokerage services to hedge fund clients by Global Custodian magazine.

Budzyna joins Deutsche Bank with over 30 years of experience in public accounting and consulting. He recently served as the Chief Executive Officer of Olympia Capital Associates, L.P., a hedge fund administrator. Prior to joining Olympia, Budzyna was a senior partner and co-head of the hedge fund practice at Ernst & Young and a partner in charge of the hedge fund practice at Arthur Andersen, where he spent 28 years.