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Derivatives

DrKW Hopes To Revive Tokyo Credit Desk With Enron Hire

Dresdner Kleinwort Wasserstein is looking to revive its credit derivatives trading desk in Tokyo next month with the hire of Mike Gordon, manager of Enron Credit in Tokyo, according to officials familiar with the situation. Gordon, who was let go last month after Enron collapsed, is expected to sign on with DrKW in the coming weeks. A DrKW official declined comment on Gordon, but said, "we're evaluating additional hires for the credit desk in Tokyo," noting that the firm will likely hire an additional structurer and trader within six months. Gordon could not be reached for comment.

DrKW has traded Asian credit-default swaps from its London office since Steve Patterson, v.p. and credit derivatives trader, relocated from Tokyo to New York in September (DW, 9/23/01).

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