Dresdner Kleinwort Wasserstein has added a layer of management in its credit derivatives group with the addition of Rick Weinstein as global head of credit derivatives. Weinstein said he moved internally and reports to Matteo Mazzocchi, who is also head of securitization and project finance. The credit derivatives group previously reported directly to Mazzocchi.
Weinstein comes from a structuring background and had previously worked on structuring tax-efficient deals for corporates. The transfer is part of a wider reorganization that has seen the creation of a dedicated collateralized synthetic obligation group (DW, 12/24). Weinstein will also head default-swap trading.
