Dresdner Kleinwort Wasserstein (DrKW), the investment arm of Germany’s Dresdner Bank, plans to further separate its credit flow products and digital markets divisions as part of what it calls an effort to expand electronic trading across its business.Sean Park, who had headed both divisions after the creation of the digital markets side in September last year, will now concentrate solely on four components: electronic trading, capital, sales, and listed products and prime brokerage.
Henry Nevstad, who had been global head of structured notes and private placements at DrKW since 2003, will take over as head of credit flow products, a position that oversees the bank’s high-volume electronic derivatives and bond activities.
The bank said Martin Gipp, who was previously director of the medium-term note desk, would replace Nevstad as global head of structured notes and private placements.
More on People
Roos to head equity sales and prime finance at Citi, and other moves
French bank, JP Morgan and Nomura have all lost senior clearing execs in past month
Paul Hopkin moves to Institute of Risk Management
Bank veterans Bristow and Pluta promoted to global co-heads, reporting to Rohrbaugh
Sign up for Risk.net email alerts
Sponsored video: MarketAxess
Sponsored video: Tradeweb
Multifonds talks to Custody Risk on being nominated for the Post-Trade Technology Vendor of the Year at the Custody Risk Awards 2014
Sponsored webinar: IBM Risk Analytics
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.