DRKW expands its prime brokerage services with global macro operation

Dresdner Kleinwort Wasserstein (DRKW) is set to expand its prime brokerage operations to encompass global macro fund services in the last quarter of 2003. The bank has been trialing its services with macro funds in recent months.

Martin Keller, DRKW's head of prime brokerage, said traditional services such as stock lending, finance and custody would be complemented with services including fixed income, foreign exchange and exchanged traded derivative instruments.

DRKW's new offering to hedge funds