David Madon, formerly of Commerzbank Securities, has joined Dresdner Kleinwort Wasserstein in New York as a managing director in structured products sales. He reports to Lorenzo Cutolo, deputy head of sales and marketing at DrKW and joins a relatively new structured products sales team. It was formed earlier this year with the hires of three professionals: Christopher Listo,Morgan Gaughan and Stanislas Varin, who each work in structured products sales. Madon referred calls to Cutolo. Cutolo declined comment. Rowan Staines, DrKW spokeswoman, did not return a phone call by press time.
At Commerzbank, Madon was a senior structured derivatives marketer and product manager. The firm cut back on its U.S. fixed income business late last year (BW, 11/22).