People moves: Fallout at Commerz
Eddie Listorti, Dresdner Kleinwort’s head of FICC, and Stefan Gűtter, its head of sales, will not now be taking up the senior positions they had been earmarked for at Commerzbank once the two banks are integrated sometime in Q3 of 2009. There is some debate about why that is and depending on who you listen to, it is either because they did not like their new salary packages, or because they did not like the strategic direction they were being taken in. Whatever is the true reason, their decisions will no doubt lead to a good deal of uncertainty among their existing staff at Dresdner. Dresdner performed well in the 2008 Euromoney poll, up from 18th to 12th.