John Karidis and David Hogg are to join the telecommunications team at Commerzbank Global Equities from Dresdner Kleinwort Benson. Karidis will become senior cellular telecommunications analyst covering the pan-European industry, and will be supported by Hogg as a cellular analyst. Karidis and Hogg formed part of the Dresdner telecoms team that came seventh in the Primark Extel Survey this year, and will now report to Doug Wite, global head of telecommunications research. At Commerzbank Global Equities in Frankfurt, Klaus Reimer joins as head of quantitative research, while Thomas Effler joins as a senior small and mid-caps analyst. Reimer is from Bankgesellschaft Berlin where he spent four years as a quantitative equity analyst. Effler was previously at CSFB in Frankfurt where he was a senior engineering analyst. He will be developing a new European research product with particular focus on companies listed on the Neur Markt, Germany's growth sector, and will be putting the small and mid-cap research on Commerzbank's website. Glyn Lloyd has been appointed a senior technology analyst at Lehman Brothers. Lloyd, who is currently ranked first in the UK Reuters survey for small-cap technology and second by Extel for UK large-cap coverage, joins from Dresdner Kleinwort Benson, where he was a director in the technology equities group. He will now report to Brian Skiba, head of Lehman's technology group. Also at Lehman, Alison Sachs has moved across from the investment banking media team to be a senior internet analyst reporting to Raul Biancardi, deputy head of European equity research. She will also be forming a joint venture with some senior sector analysts, co-covering telecom, media and technology companies with specific internet exposure. Donaldson, Lufkin & Jenrette (DLJ), has hired Ian Mills, emerging markets salesman from Warburg Dillon Read and Ugo Pastori, a European insurance analyst who previously worked for Fleming.