Peter Kappel has resigned as managing director and head of securitization for Europe-excluding Germany at Dresdner Kleinwort Wasserstein in London. Kappel was responsible for cash and derivative securitizations. Officials familiar with the move said he will join Credit Lyonnais in London, where he will be charged with setting up a securitization group. He resigned last Monday.
Henrik Kristensen, a securitization pro at Nomura International in London, also resigned last week and is also said to be heading to Credit Lyonnais to work under Kappel.
Kappel's role at Dresdner has been assumed by Charles Hyatt, who confirmed his former colleague's departure. A Nomura official confirmed Kristensen had left but referred further queries to a spokesman who did not comment by press time. Kappel and Kristensen could not be reached.
