Dresdner Kleinwort Wasserstein (DrKW) has continued its push into portfolio trading by hiring four former Bank of America employees to work in its Tokyo and New York offices.

Benjamin Hao will join as global head of quantitative equity trading based in Tokyo as part of the bank's move to expand its Asian activities. Hao will also be responsible for all cash equity-trading activities in Japan and will report to Jean-François Minier, the Japan branch manager and head of capital markets for the Asia Pacific region.