Dresdner derivatives head steps down

It is understood Michallet left over the weekend.

Michallet joined Dresdner in June 2006 from CIBC World Markets, where he had been co-head of sales for Europe and head of structured credit origination for Europe and Asia. He was hired to manage the German bank’s financial solutions group in Europe, which focuses on structuring and marketing derivatives-based deals for clients.

Dresdner Kleinwort declined to comment.

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