Dresdner Nabs Commerzbank Swaps Trader
Dresdner Kleinwort Wasserstein has hired Marco Riccardulli, senior swaps trader at Commerzbank in New York, in a similar position, according to Vincent Parisot, head of fixed-income trading at DrKW in New York. Parisot said Riccardulli is filling a new position that was created as part of Dresdner's plans to grow its swaps trading team. He declined to specify an exact number of new hires the firm is planning, but said more traders would be brought in as demand for interest-rate products continued to grow. Riccardulli joined the firm at the beginning of the month. He reports to Parisot.