BusinessBusiness

Trader Sues Dresdner

One of Dresdner Kleinwort Wasserstein's most senior former traders is suing the bank for close to £1m in respect of unpaid remuneration.

Andrew Curran, who quit the bank last year, is demanding the money after being allegedly forced out of his job as global head of high-yield bond trading. Curran claims that his authority was subverted after Dresdner acquired Wasserstein Perella in January 2001.

He feels that the fact that he was forced to report to a new layer of management in New York was a breach of his contract. Curran is now thought to be claiming three pay awards worth £916,000.

Dresdner has declined to comment.

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