Dresdner Kleinwort is set to double its numbers of hedge fund specialists over the next three years.
The Allianz-owned investment bank is aiming to bring in hundreds of millions of revenue from its hedge fund, reports the Financial Times.
Dresdner Kleinwort is set to announce the appointment of Roberto Morelli from Citigroup to head its European sales of equities to hedge funds. Last week Chris Baildon moved over from UBS, where he specialised in the coverage of hedge funds as head of European sales trading, to head US equities sales to hedge funds.
Bryan Seyfried, Dresdner Kleinwort North America head of capital markets, said: "The appointment of Chris broadens the bench of senior people in our European equities business in North America and will help us further extend the reach of our franchise."
Martin Newson, Dresdner Kleinwort head of hedge fund solutions, added: "The European markets are extremely significant to US-based hedge fund clients, perhaps now more than ever, and the appointment of Chris further improves our ability to offer the funds the very best levels of servicing."