Bankers Trust New York Corp. said it has hired Michael Jakubik as a managing director and head of project finance for Europe, the Middle East and Africa.

Mr. Jakubik is responsible for Bankers Trust's project and asset based off balance sheet financings in the region. He reports to Graham Clempson, senior managing director and head of Bankers Trust's European finance origination and syndication.

Mr. Jakubik had been with J.P. Morgan & Co. for 18 months as a vice president in its project advisory group. For nine years he worked for Goldman Sachs & Co.-his last four years as an executive director in the structured finance group in London.

In the new post at Bankers Trust, Mr. Jakubik expects to continue his focus in raising senior and subordinated debt and equity for energy and infrastructure projects.

Mr. Jakubik received his BA in economics from Duke University and his MBA from Massachusetts Institute of Technology.

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