An Anglo-Swiss merchant bank co-founded by one of Dresdner Kleinwort’s former top corporate financiers is planning an aggressive expansion of its international investment banking operations, taking advantage of the fallout among big bulge bracket firms.

Heritage Capital, which was formed in 2007 by Joseph Dryer and Peter Horbye through a joint venture with Swiss private bank, Banque Heritage, plans to hire up to 20 new staff in the next year as part of its broad expansion in Europe, Latin America and Asia.