Fitch, the international credit rating agency, has recruited Paul Cohen, a former debt banker at Dresdner Kleinwort Wasserstein, as a director of its capital markets group covering Europe, the Middle East and Africa.

Cohen, who spent almost five years at DrKW in London before leaving in the second half of last year, joins Fitch's London office. He will report to Adam Djanogly, group head and managing director of the capital markets team.