Dresdner exodus continues in forex

Graham Wintersgill, Tim Hall and Quentin Smith are understood to have left the FX institutional sales team in the city. Constantinos Constantinou has left the FX options desk, while Scott Cousins is also thought to have left the spot FX desk. The departures follow bonus payouts by the German bank last week.

Wintersgill, head of hedge fund sales, and Hall are rumoured to be heading to US investment banking rival Merrill Lynch. Hall, who was a senior hedge fund salesperson at Dresdner