Evolution hires 45 staff from Dresdner Kleinwort

LONDON, May 11 (Reuters) - British investment bank Evolution Group Plc (EVG.L) has hired around 45 staff from former Dresdner Kleinwort's securities business, it said on Monday, boosting its securities arm by more than 30 percent.

The hires were for its securities subsidiary, Evolution Securities Limited, in research, sales, sales trading and trading, Evolution said.

"We are delighted that so many of Dresdner Kleinwort's best people have chosen to join Evolution," Evolution Chief Executive Alex Snow said in a statement.

All but one of the executive committee that ran Dresdner Kleinwort, the investment banking arm of Dresdner Bank, stepped down after Commerzbank's (CBKG.DE) takeover of Dresdner closed, Reuters reported in January.

Commerzbank, now 25-percent owned by the German government, is scaling back the once venerable name in merchant banking, to focus on German companies and retail clients.

Evolution said in April it was hoping to make further acquisitions after buying the investment management team of Kaupthing Singer & Friedlander in October. It also ramped up its private client investment management headcount. (Reporting by Douwe Miedema; Editing by David Cowell)