Deutsche Bank AG's pending $9 billion deal for Bankers Trust Corp. would return Josef Ackermann, one of the German bank's highest-ranking executives, to the Wall Street spotlight.

The Swiss-born Mr. Ackermann, 50, is slated to become co-manager of the new company's global corporate and investment banking business. Based in Frankfurt, he would share that role with Frank N. Newman, Bankers Trust's chairman, who would stay in New York.

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