Dresdner Kleinwort Wasserstein, the investment banking division of Dresdner Bank, has appointed Alberto Garcia Elias as managing director an...

Dresdner Kleinwort Wasserstein, the investment banking division of Dresdner Bank, has appointed Alberto Garcia Elias as managing director and head of its newly created retail solutions group. The group will specialise in providing structured products for private banks and other wealth managers, a fast-growing area. The group will leverage on the success of DrKW’s retail securitized products business in Germany and offer a specialized service through an integrated cross asset-class platform, according to the bank. Mr Elias joins from JP Morgan in London where he was a managing director in its credit and rates division. He will report to Tarek Mahmoud, global head of sales & marketing and co-head of capital markets, and Matteo Mazzocchi, head of global derivatives. “Retail investors have developed into a distinct client base with strong demand for innovative structured products. DrKW’s retail solutions group will service these clients with state of the art execution, innovative packaging, secondary market liquidity and after sales service. Working with selected distributors in Europe, South East Asia and the Americas, this initiative will deliver tailor-made products in these markets,” said Mr Mahmoud.