Dresdner Kleinwort has parted company with its two top algorithmic traders just a year after they were appointed to spearhead the German investment bankâÂÂs push into electronic trading services for asset managers and hedge funds.
Miles Kumaresan, Dresdner Kleinwortâs head of algorithmic trading, and Nicholas Wright, director of direct market access and algorithmic sales, were among the casualties last year as the bank cut 200 jobs, following a third-quarter operating loss of â¬147m ($215m).
