Dresdner Kleinwort Wasserstein (DrKW), the investment bank of Dresdner Bank AG, has announced two appointments to the Principal Trading unit within its Short Term Products group.

Alex Lawton will join in August as Head of Yield Enhancement Trading within the Equity Financing team. He will be based in London, reporting to Ariel Winiger, Global Head of Equity Finance Trading.  Mr Lawton previously worked in the Yield Enhancement Trading group at Lehman Brothers for 5 years and at PricewaterhouseCoopers for 3 years.

Paul Dackombe also joins DrKW in the new role of Head of Prime Brokerage Marketing. Based in London, he will report to Martin Keller, overall Head of Prime Brokerage. Mr Dackombe was most recently Director of Sales & Marketing at Reech Capital, the risk management and derivatives advisory firm, which he joined in 2001. Earlier Paul worked for 11 years at Citibank, ultimately running their securities lending business in Europe.

Walter Kraushaar, who co-heads the Principal Trading unit at DrKW with Ulf Bacher, said: "Our integrated business model in the short term equity trading and financing area is already an important differentiator for us and a powerful proposition with clients. These hires - adding Alex's expertise in structuring trades and Paul's experience in marketing to hedge fund clients - will further strengthen the execution and distribution capability of our platform."

Background Note: Dresdner Kleinwort Wasserstein (DrKW) is the marketing name for the investment bank within the Corporates and Markets Division of Dresdner Bank AG, a member of the Allianz Group since July 2001.  Headquartered in London, Frankfurt and New York and with an international network of offices, DrKW provides a wide range of investment bank products and services to European and international clients through its Capital Markets and Corporate Finance & Advisory business lines.