Stefan Jentzsch, who this week resigned as head of investment banking at HVB, is in talks to head a new corporate and investment banking division at German rival Dresdner Bank. The division would replace its existing investment bank, Dresdner Kleinwort Wasserstein.

A source at the bank said that Andrew Pisker, London-based DrKW chief executive, is also considered a candidate to lead the combined division either as sole head or alongside Jentzsch.