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Derivatives

Dresdner Hires Equity Trading Guru

Dresdner Kleinwort in London has hired Iain Clamp, a senior proprietary trader at UFJ International, as head of index equity derivatives trading.

Dresdner Kleinwort in London has hired Iain Clamp, a senior proprietary trader at UFJ International, as head of index equity derivatives trading. Reached at Dresdner, Clamp referred calls to Areski Iberrakene, head of equity derivatives, who did not return a message. Michael Goodbody, spokesman, said Clamp will report to Thomas Vergnaud, head of single stock and index equity derivatives trading. It could not be determined by press time whether Clamp's role is a new one for Dresdner.

UFJ is closing its remaining business lines after a merger with Mitsubishi Securities International. Prior to UFJ, Clamp was at JPMorgan, where former colleagues remember him as having a stellar reputation.

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