Dresdner exodus to Merrill Lynch continues with three departures

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John Underwood, Rahan Qureshi and Aaron Davies, who reported to options head Tim Carrington at Dresdner are said to be joining him at Merrill. The trio follow Harry Culham, Christian Exshaw and Carrington, who moved to Merrill last month (FX Week September 18).

Carrington's new position will be as head of options. It is understood that Underwood, Qureshi and Davies will also have options roles, possibly in emerging markets.

The moves follow a restructuring at Dresdner during the summer which saw

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