Dresdner Equity Chiefs Jump Ship

David Wenman, global head of equity products at Dresdner Kleinwort Wasserstein, and Stephen Fulford, European head of equity derivative flow sales, have left the firm.

  • 09 Sep 2005
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David Wenman, global head of equity products at Dresdner Kleinwort Wasserstein, and Stephen Fulford, European head of equity derivative flow sales, have left the firm. The departures come in the wake of Chris Seery, co-head of structured and alternative markets, announcing his departure last month (DW, 8/05). Wenman, reached on his cell phone, declined comment on the reason for his departure and referred calls to Dresdner's press office. Fulford also declined comment.

An official close to Dresdner said the firm is folding its dedicated equity sales effort into its global cross-asset class derivatives sales group. Dresdner is also looking to focus on hedge fund sales over sales to other financial institutions, said the official. Louise Beeson, spokeswoman for Dresdner, said, "[Fulford's] responsibilities will be carried out according to a different model...more closely aligned with our capital markets sales and marketing effort."

Beeson also confirmed Wenman's departure, noting he has been replaced by Thomas Eckert, head of equities in Frankfurt, and Robert Lister, head of equity research and sales, as co-heads. Eckert retains his previous role and Lister's deputy head of research, Jeremy Allen, has been named head of research.

  • 09 Sep 2005

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4 Goldman Sachs 236,643.87 789 6.00%
5 Barclays 230,494.28 891 5.85%

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1 HSBC 34,591.50 163 6.58%
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3 Bank of America Merrill Lynch 31,293.04 95 5.96%
4 BNP Paribas 27,578.61 168 5.25%
5 SG Corporate & Investment Banking 23,982.83 136 4.56%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 19,745.92 80 8.86%
2 Morgan Stanley 16,323.54 83 7.32%
3 Citi 15,946.50 94 7.15%
4 UBS 15,487.17 60 6.95%
5 Goldman Sachs 14,053.61 76 6.30%