Dresdner parts company with senior credit execs

Two senior bankers have left Dresdner Kleinwort following the bank’s $147 million third-quarter loss; it made $88 million profit in the same period in 2006. Mark Richardson, head of equity and credit derivatives, and Neil Walker, head of credit trading, both left the bank in mid-November.

The departures are striking as neither had worked at the bank for more than a year. Richardson joined from the hedge fund WMG in January 2007. Prior to WMG, Richardson worked for Commerzbank from 1998 to 2004