Dresdner Kleinwort makes pre-bonus redundancies

The season of goodwill came to a crashing premature end at Dresdner Kleinwort in early December when the German bank made a series of redundancies ahead of bonus payouts for the year.

High-profile names such as Ian Platt, co-head of primary rates, Henry Nevstad, head of primary trading and syndicate, Paul Thomas, head of credit sales, and Nick Morgan, head of DCM financial institutions, were reported to be among those leaving the bank.

Credit spoke to Nevstad in early December, who said that he