Dresdner Kleinwort Wasserstein has promoted Tariq Hussain, a managing director in UK mergers and acquisitions, to co-head of European M&A in a reshuffle that will enable the bank to chase more private equity business.

Hussain will co-head European M&A with Florian Fautz, whose title changes from co-head of European execution. Henry Somerset, a vice-chairman and previously Fautz's co-head of European execution, will become head of UK M&A. David Hutchison remains head of UK corporate finance and origination.