Dresdner Kleinwort announces new appointments in FX

London/Frankfurt - 3 April 2007

Dresdner Kleinwort, the investment bank of Dresdner Bank AG, is pleased to announce the following appointments in FX:

London

Michael Walsh will join Dresdner Kleinwort in London as Managing Director and Head of Hedge Fund FX Sales, reporting to Ricardo Zulliger, Global Head of FX and Local Market Sales. Michael was previously at ABN Amro for 3 years in London working in FX Hedge Fund Sales. David Zanette will join from Calyon in London as a Director in Hedge Fund FX Sales, reporting to Michael Walsh.

Also joining in London is: Sonober Siddiqi from HSBC who will work in the Central Bank team for FX Sales. Dominic Yip from Calyon and Danny Brader from Citigroup will join the FX Options team. Bing Bing Liu started last week from HSBC to work on the FX structuring team. She will be based initially in London and will transfer to the Singapore office after six months.

Frankfurt

In Frankfurt Juergen Roedl from Maintrust and Lis Christiansen from Commerzbank both join Dresdner Kleinwort as Corporate Sales People for FX, Local Markets and Commodities. Jasmin Fellner joins the e-Commerce Sales Team from BNP Cortal Consors.

These hires follow the recent appointment of Ira Koyner, Head of FX Options New York, who is looking to develop the continued growth in this area.

Ricardo Zulliger, Global Head of FX and Local Markets Sales at Dresdner Kleinwort, comments: “These quality hires demonstrate the strong commitment we have to enhancing our FX franchise globally. As a bank we have been building a strong focus on hedge funds and this is clearly reflected in the FX hires made in London in addition to the strong sales team we already have in place. We also continue to develop our overall FX franchise by expanding our dedicated German Corporate and Investor FX Sales team.”

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