Dresdner creates levfi business

Dresdner Kleinwort Wasserstein, the investment bank of Dresdner Bank AG, has created a global leveraged finance business. The unit combines the former financial sponsors coverage group and the capital markets leveraged finance business. The global leveraged business will be co-headed by Pascal Maeter, head of DrKW’s financial sponsors group, and Brian McBride, who joins DrKW as a managing director on March 3.

McBride previously worked at UBS, where he was co-head of global syndicated finance with responsibility for all senior debt, mezzanine and high-yield debt origination and execution. Prior to joining UBS, he worked at JP Morgan, where he was co-head of the European leveraged finance group.

Bill Fish, head of global loans at Dresdner, will take on senior management responsibility for the leveraged business.

In this function, he will report jointly to Steve Bellotti, head of capital markets, and Steve Berger, head of corporate finance & origination.

“The creation of a global leveraged business is a further sign of DrKW’s commitment to grow our high-margin customer-focused businesses and to enhance the co-ordination of our product suite for financial sponsors,” Fish said.

McBride has more than 15 years’ experience in leveraged and acquisition finance prior to the appointment.