Dresdner Kleinwort Wasserstein has hired Willem Sels, a former executive director at Goldman Sachs, as head of credit strategy, plugging a gap left by Alison Miller who joined ABN Amro in June.

Sels, who worked for Goldman Sachs for six years, most recently as the US bank's European credit strategist, joins Dresdner Kleinwort Wasserstein's fixed income research team in London on September 13 as a director, reporting to Arndt Muthreich, head of credit research at the German investment bank.