Having drastically cut back its Asian businesses a few years ago, Dresdner Bank now seems to bulking up again, with a number of new hires at its regional headquarters in Singapore.
Most recently the bank has appointed Fiona Chan to the fixed income and interest rate derivatives sales team in Singapore. Chan previously worked at Royal Bank of Scotland in Hong Kong where she had been since March 2003. Prior to that she had worked at TMI and JPMorgan.
Her appointment comes just days after it was announced that Leon Emes is to relocate to Singapore from Dresdner in Tokyo to take a position in the same fixed income and interest rate derivatives team as Chan. Leaving the same team however is Yeo Aik Kiong, who was gone to join a private equity boutique called Asian Analysis.
On the forex side, the bank has also been bulking up in Singapore with the hiring of two new members of the sales team. Hisashi Kasai has joined the bank from Standard Chartered and Katherine Hughes has joined from Commonwealth Bank of Australia.
Also joining the forex team as a strategist is Adrian Foster, who joins from UTS Business School in Sydney where he was an economics lecturer and PhD. Foster previously worked for Nomura Securities as a senior economist, Lloyds Bank and the Australian Government Treasury Department. Leaving the forex team however is Dilip Gosh, who had been with the bank for three years. Market sources suggest that Gosh is to set up his own company organizing golf tours.
On the capital markets side, Dresdner has also been busy. In July, the bank hired Mansoor Ali Khan as a senior structurer in the fixed income team. Dresdner also hired DaHai Wang in fixed income sales to focus on Greater China. Wang joins from Bank of China.
All the above will report to Dresdner's new capital markets boss in Singapore, Andreas Ruschkowski, who transferred from London to Singapore in June. His previous role was global head of precious metals and commodities. With all these new hires, he is certain to be on every head hunter's Christmas card list.