Dresdner Kleinwort Wasserstein, the investment bank of Dresdner Bank AG (a member of the Allianz Group), is pleased to announce the appointment of Timothy Clorite as Managing Director and Global Head of Portfolio Trading. He will also be a member of the Equity Products management group.
With over 15 years of experience in the investment banking industry, Timothy joins DrKW from Merrill Lynch where he worked from 1993 to 2001 and held a variety of senior global roles. Most recently he was Co-Head of Global Equity Linked Trading for North America and Latin America. Among his previous roles, Timothy was Merrill Lynch’s Global Head of Portfolio Trading. Prior to 1993, he worked at Salomon Brothers in the USA, Japan and Asia.
At DrKW, Timothy will report to Roselly Ramseyer-Torres, Global Head of Equity Products within its Capital Markets business line. He will be responsible for the global portfolio team spanning London, Frankfurt, New York and Tokyo with additional responsibilities in the cash product area for Japan and the USA as DrKW brings together its portfolio and cash trading businesses.
Roselly Ramseyer-Torres comments, “Global Portfolio is a key component of our overall global equities business. Timothy brings extensive global expertise, depth of product knowledge, top senior management experience, and an outstanding reputation with clients and in the industry. He will be integral to the development of our cash and portfolio products and the success of our new business model.”
Andrew Pisker, Global Head of Capital Markets comments, “Timothy is a strategic hire for the organization and a reflection of our continued commitment to the Equity Product.”