SPA newswire

A few US structured products professionals were made redundant at bonus season last month. However, recruitment consultant Fairholme International remained positive about the opportunities for those in the derivatives-based investment arena. The Structured Products Association summarises the news from the end of last year

Dresdner Bank (New York) – Industry observers were taken aback by the news last month that Dresdner Bank cut 60 jobs at its New York office a week before bonus meetings took place. While there was clearly uncertainty as to the direction of the American branch after the ousting of US chief executive Charles Schiffer three months ago, the redundancies of the profitable staff – especially the talented team in structured products – raised eyebrows.

Another insider stated that the Dresdner situation

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