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| Steve Bellotti |
Steve Bellotti, a Merrill Lynch fixed-income veteran who quit the capital markets to run his own property development business four years ago, has resurfaced at Dresdner Kleinwort Wasserstein as global head of capital markets in London. The role is new. Bellotti left Merrill, where he was head of European debt trading and global foreign exchange trading and sales in London, after 14 years with the firm. He's now returning to The City after four years in the Rocky Mountains running Aspen Blue Sky Holdings. Bellotti reports to Andrew Pisker, ceo, who until now ran the capital markets business. Calls to Bellotti and Pisker were referred to Louise Beeson, spokeswoman. She said DrKW wants to have a single leader responsible for capital markets globally and Bellotti's track record in building profitable capital markets businesses made him the right person for the spot. She declined comment on areas Bellotti will focus on first or what DrKW's target league table rankings are. But she noted the firm places among the top five in euro issuance of supranational bonds, covered bonds, international emerging market bonds and German bonds.
Bellotti recently put his 11,400 square foot home in Aspen, complete with a state of the art-of-the-art home theater, wine cellar and outdoor hot tub, on the market for $14.5 million, according to a real estate broker handling the sale.
Bellotti and Pisker's histories are linked through T.J. Lim, who replaced Bellotti at Merrill Lynch in 2000 and was replaced himself as head of debt capital markets at DrKW by Pisker.
Three co-heads of capital markets now report to Bellotti. Tarek Mahmoud is responsible for sales and marketing and replaces Achilles Macris, who is staying with the firm but pursuing an unspecified new business venture, according to the spokeswoman. The other two co-heads of capital markets are Erich Pohl, responsible for rates and short-term products and treasury, and David Wenman, responsible for equity products.
DrKW combined its global debt and equity platforms into an integrated capital markets business in 2002.
