Dresdner Kleinwort is set to double its numbers of hedge fund specialists over the next three years, the company announced.
The Allianz-owned investment bank is aiming to bring in hundreds of millions of revenue from its hedge fund, the Financial Times has reported.
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 specialized in the coverage of hedge funds as head of European sales trading, to head US equities sales to hedge funds.
“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,” said Bryan Seyfried, Dresdner Kleinwort North America’s head of capital markets.