Bankers Trust New York Corp., inching back into the world of retail banking that it abandoned 13 years ago, is hiring a seasoned mutual funds veteran to help develop new consumer products.

The nation's ninth-largest bank company has tapped Rodger Lawson, former president of Fidelity Investments retail services group, as a "fulltime consultant." He will advise Bankers Trust on developing retail products and strategies, a bank spokesman confirmed.

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