An internal memo sent to employees of Dresdner Kleinwort Benson (DrKB) and Wasserstein Perella, reveals that David Barclay, European head of mergers and acquisitions at Dresdner Kleinwort Benson (DrKB), has been named as a vice-chairman of the merged investment bank.

Dresdner Bank agreed to buy Wasserstein Perella, the M&A boutique, in September for $1.56bn (€1.86bn) to create Dresdner Kleinwort Wasserstein, the investment banking arm of Dresdner Bank.