DKW raids Deutsche's securities lending team
UK/US– Dresdner Kleinwort Wasserstein (DKW) has poached four more members of Deutsche Bank’s agency securities lending team in order to build up its own new securities lending division.
Fredrik Carstens, who is based in London, joins as European head of sales and marketing. He spent six years at Deutsche where he was responsible for business development and European client relationships.
Anthony Frieze joins as director and head of marketing for Asia Pacific and the Middle East. Based in Hong Kong, Frieze had been with Deutsche since 1996, most recently as regional head of securities lending for the Asia Pacific region, also in Hong Kong.
Alison Briggs joins the London office as director and European head of cash management. With over ten years experience in securities lending, Briggs also joins from Deutsche Bank where she headed up the non-dollar investment business in Europe.
Based in London, Jay Schreyer joins as director and European head of fixed income and equity trading. Schreyer previously spent four years at Deutsche building up its securities lending desk.
Carstens and Frieze will report to Tim Smollen, global co-head of securities lending in London, whilst Briggs and Schreyer will report to David Martocci, Smollen’s New York-based counterpart.
The move follows the appointment by DWK earlier this year of three of Deutsche Bank’s senior securities lending salesmen, Smollen, Martocci and David Boyd to its newly-created division.