Dresdner Kleinwort Wasserstein, the securities arm of Dresdner Bank which is in merger talks with German financial services group Allianz, has hired Mehraj Mattoo as a director in the alternative investments group.

Mattoo, who will report to Robin Farrell, head of the alternative investments group, has been appointed to develop DrKW's recently established fund derivatives business. Based in London, he will focus on European fund-of-fund groups and institutional investors.