Bankers Trust New York Corp. has hired Paul Higbee as a managing director in the corporate finance group.

Mr. Higbee will have responsibilities in financing and advisory services to clients in the steel and energy industries.

He was managing director and head of the industrial group at PaineWebber, responsible for investment banking services to cyclical manufacturing industries.

BT Securities, a subsidiary of Bankers Trust New York, has hired H. Lloyd Kanev for its equity research team.

His coverage will emphasize small and mid-cap growth and value stocks.

Mr. Kanev, a 30-year veteran of Wall Street, was with Smith Barney.

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