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DrKW replaces hybrid capital head

Dresdner Kleinwort Wasserstein (DrKW) has hired Ronan Donohue as head of hybrid capital to replace Mark Woolley, who quit to join Deutsche Bank in September.

China Aviation Oil suffers $550 million derivatives loss

Singapore-based China Aviation Oil, the supplier of nearly all of China’s jet fuel imports, has racked up $550 million in losses through speculative oil derivatives trades. This has forced the company to seek court protection from creditors while it…

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