RBC loses two commodity seniors to DrKW

Dresdner Kleinwort Wasserstein (DrKW) has hired two senior executives from Royal Bank of Canada (RBC) to join its commodities desk in London.

Paul Merrick will join as director with the task of structuring commodity risk management solutions for corporates and investors. Previously, he worked for two years at RBC, where he was joint head of marketing for commodities.

David Holmes, previously vice-president of precious metals sales and trading at RBC, also joins as director. He will have responsibility for marketing precious metals and investor products in all commodities.

Both will take up their new posts at DrKW in March and will report to Martin Fraenkel, global head of commodities, who himself was only appointed last November.

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