DrKW electronic drive sparks personnel moves

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.