Dresdner Kleinwort Wasserstein has done its first corporate finance deal for Smith & Williamson, the UK professional and financial services group that is due to merge with NCL.

NCL is a UK investment management services group. The two firms will merge in a deal valued at around £200m (€319m), with the intention of creating a leading independent fund management, financial advisory and accounting firm. The business will have around £5.2bn of assets under management.