Dresdner FX team could escape Commerz axe

"Dresdner Kleinwort has a stronger standing in this area of business than Commerzbank," said one London-based headhunter. "Dresdner is still attracting strong trading revenues and deep corporate FX coverage."

Dresdner also has greater FX talent, according to another recruitment specialist. He said although the bank had suffered major losses to Merrill Lynch, including former global head of FX, Harry Culham, and European head of FX sales and head of e-FX, Christian Exshaw, it has retained a number

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