Tarek Mahmoud, global head of sales and marketing and co-head of capital markets is leaving Dresdner Kleinwort Wasserstein.

Steve Bellotti, head of capital markets, said in an internal memo to staff today: "In light of the integration between DrKW and the Corporate Bank, the set-up of the new corporate and investment bank interface to clients and customers is currently being reviewed. Further detailed announcements will follow in due course."