Rosen in line for $100m on Perella takeover

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Jeffrey Rosen, a founding director of Wasserstein Perella, is to net up to $100m (€116.27m) when Dresdner Bank completes its takeover of the specialist corporate finance house early next year.

Rosen, managing director of Wasserstein Perella's international mergers and acquisition business, is in line to receive more than two million Dresdner shares, worth up to $100m, when he is appointed European deputy chairman of Dresdner Kleinwort Wasserstein, the corporate finance department at the German bank.

He is one of a small group of senior Wasserstein executives who have been with the firm since it was founded 12 years ago. Michael Biondi, another founder, is also in line for a nine-figure payout but was unavailable for comment.

It has been widely speculated that Bruce Wasserstein, the chairman and chief executive of Wasserstein Perella, will receive Dresdner shares worth about $600m once the transaction is complete.

But, until now, the division of shares among other senior executives at the firm has remained a secret. Rosen's payout is understood to be the second highest after that of Wasserstein, who hatched the deal earlier this year. Rosen would not comment about the size of his holding in Wasserstein or the number of shares he will receive from Dresdner.

Dresdner Bank, which is issuing 30.5m new shares to help to finance the acquisition, also declined to comment.

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