DrKW shuffles Asian credit business

Dresdner Kleinwort Wasserstein (DrKW) has transferred Mike Gordon and Carlos Cala from Tokyo to Singapore in an effort to balance its credit business resources between the two cities, according to an official at the bank in Tokyo.

Gordon, a credit derivatives trader, will report functionally to Mark Mallia, head of credit products Asia-Pacific, while Cala, a credit derivatives structurer, will report on a regional and global functional basis to Mallia and Rick Weinstein, global head of credit derivatives structuring, respectively.

At a local level, both will report to Andreas Ruschkowski, head of capital markets Asia-Pacific ex-Japan.

The official said the transfers - which include Stephen Patterson, who transferred as a credit derivatives structurer from New York to Singapore - alongside recent hires in Tokyo, are aimed at further strengthening the bank’s credit derivatives capabilities across Asia.

The bank hired TJ Cheng from WestLB as a credit derivatives trader in January and Boon Aik Lim as a credit derivatives structurer from HVB Capital in November. Both Cheng and Lim are based in Tokyo.