Dresdner Kleinwort announces new appointment in Emerging Market FX Trading

London/New York - 13 July 2007

Dresdner Kleinwort, the investment bank of Dresdner Bank AG, is pleased to announce the appointment of Murat Tezel as Director, FX and Local Markets, New York.

Murat joins Dresdner Kleinwort from ABN Amro, where he has worked for the past eight years, in Istanbul, Amsterdam and latterly Chicago. In Istanbul he worked on the money markets, forwards and FX spot desks. In Amsterdam he was on the funding desk and forwards. In Chicago he worked on the Emerging Markets desk.

At Dresdner Kleinwort in New York Murat will be responsible for trading Emerging Market non-deliverable forwards across Asia complimenting the existing global team. He will also play a vital role in maintaining Dresdner Kleinwort’s franchise in EEMEA when Europe closes for the day. Murat will report locally to Joe Craven, Head of FX and Local Markets Trading and Sales, North America and globally to Paul Moore, Global Head of Local Markets Trading.

Paul Moore, Global Head of Local Markets Trading, Dresdner Kleinwort, comments: “Murat’s knowledge and experience fits our existing global team perfectly. Murat will look to develop further the Emerging Markets FX business and ensure our continued growth in this area. Further strategic hires are in the pipeline to expand our North American FX capabilities.”

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