|Name: Matteo Mazzocchi|
Date promoted: April 2005
Title: Head of global derivatives
Previous job before promotion: Global head of credit derivatives and securitisation
Years in capital markets: 15
First job in capital markets: Interest rate trader, Paribas
Favourite deal: The three Petra CDO deals for DrKW
Family: Married with two children
Lives in: Central London
Heroes: Pope John Paul II, Mozart
Matteo Mazzocchi was appointed as Dresdner Kleinwort Wasserstein's head of global derivatives in April after serving as global head of credit derivatives and securitisation since September 2000.
Mazzocchi has become head of a new department, which has brought three separate arms of the business together. Until the reorganisation that resulted in his promotion, the equity, credit and interest rate derivative divisions had led separate lives at the bank, he says.
The restructuring enables him to concentrate on providing a better combined client service that will be more efficient than before, he says.
In Mazzocchi's new job he manages a team of about 150 people.
Although he will be more involved with the bank's strategic decisions, his new position will still allow him to get his hands dirty.
"There is a large managerial side to my new job, especially with regards to business development, but I still spend a significant part of my time on the trading floor making risk and products decisions," he says.
Mazzocchi has a long track record in credit derivatives and interest rate trading and sees his background as being crucial to his new position.
But he also says the new job will give him the opportunity to master the equities division, which is a new area to him.
"The new job is very exciting," he says. "I've spent the last four years at DrKW focusing on credit derivatives and 11 years at BNP Paribas working mainly on interest rate trading. This position provides me with the opportunity to build on this, while at the same time continuing to grow my experience in equity derivatives."
He is widely acknowledged within DrKW to be responsible for the success of the credit derivatives business.
A spokesperson for the bank said that there was no such department before Mazzocchi's arrival.
Mazzocchi lives in central London and holds a degree in monetary economics from Bocconi University in Milan.