Dresdner Kleinwort Wasserstein has hired Ronan Donohue from ABN Amro as head of hybrid capital. He plugs the gap left when Mark Woolley quit after seven months for German rival Deutsche Bank.

Donohue, who joined ABN Amro in April 2000, was responsible for originating and structuring regulatory-driven and rating-driven hybrid capital issuance for banks and insurance companies.