Dresdner Kleinwort Wasserstein (DrKW) has hired ex-Dresdner Bank veteran Hermann Behrends from Deutsche Bank as syndicate head Matthias Wittenburg moves into relationship management.

Behrends, who joined Deutsche in 2000 in a similar role, had spent his entire career previous to that at Dresdner. He joined the Hannover branch of Dresdner in 1979 and relocated to Frankfurt in 1981.