The move is an exciting scoop for DrKW and marks another step in the formation of the bank's recently restructured global debt business.
CitiBank/SSSB (Monday) had little to say on the move or who will be appointed in Fish's place. "A formal announcement is two or three weeks away," said one banker in the loan syndicate desk.
Fish has a commanding track record in the loan market. In the EuroWeek Loan Poll 2000, Citibank/SSSB's loan division won the title of most impressive arranger of syndicated loans. The poll, which was taken among banks in the loan market, also put Citibank/SSSB in second and third position for various other awards such as bank with most improved market profile.
Dresdner Kleinwort Benson held fourth position in the 2000 poll as bank with most improved market profile and this position looks likely to be improved upon in 2001.
Following the integration of global markets and global finance earlier this year at DrKW, the loan syndicate will complement the bond business, offering full distribution capabilities world wide.
The teams will work closely with global debt origination, headed by Joe Dryer and Dirk van Daele, to offer origination and distribution of all debt products globally.
Speaking today on the appointment Andrew Pisker, head of global debt, said: "Bill's considerable depth of experience and knowledge of the loan syndication business will significantly strengthen our distribution capability and is further testimony to the increasing drawing power of the DrKW franchise. His appointment is one of a number of strategic hires within global debt, integral to the re-engineering of our business and designed to enhance market standing, deal flows and profitability. Bill will play a key role in the success of this."