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News in brief: Dresdner hires former Bear Stearns analyst

Stephanie Foster (formerly Underhill) has joined the investment-grade credit research team at Dresdner Kleinwort Wasserstein as a director, focusing on the consumer products sector.

Foster has plenty of experience of the consumer products and retail industries. She has worked previously at HSBC and, most recently, Bear Stearns, where she was an associate director before leaving late last year when the US bank trimmed its credit research team. Foster will report to Arndt Muthreich, acting head of investment-grade credit research at DrKW since the departure in London Gerry Rawcliffe, who went on sabbatical earlier this year. Muthreich said: &quotThe addition of Stephanie, with her extensive experience in that sector, will strengthen our existing franchise and extend it into an area that we did not focus on efficiently before.&quot

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