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Further departures at Dresdner

Peter Byrne, co-head of FX sales at Dresdner Kleinwort in New York, is understood to have left the bank. He is rumoured to be heading to Merrill Lynch.

Andreas Resch is understood to have left Dresdner Kleinwort's foreign exchange corporate sales team in Frankfurt on January 5 after only three months at the bank.

He is thought to be joining Credit Suisse in a similar role on March 1. There he will be reporting to Simon Brunner.

At Dresdner, Resch has been replaced by

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