Dresdner Kleinwort Wasserstein has hired Ulrich Neuhauss, director in credit derivatives sales at Bankgesellchaft Berlin in London, as a director for its London-based structured credit sales group. He started Monday and reports to Raffaele Ricci, head of structured credit sales, Europe. Ricci said Neuhauss will fill a newly created role, noting the bank is adding to the team because it "sees a lot of potential in structured credits." Neuhauss' hire brings the structured credit sales team up to a dozen staffers, Ricci said.
Neuhauss, who left BGB early last month, said he signed on with Dresdner to work for a bigger bank with a better credit derivatives platform. Verner Fröhlech, a BGB spokesman in Berlin, did not return calls.
