Commerzbank has merged its fixed income, currencies and commodities and corporate finance departments to become the capital markets division, headed by Roman Schmidt.
The bank’s custody and clearing business will be headed by Daniela Gellenbeck, head of sales, interest rates, currencies and commodities trading, based in Frankfurt.
Gellenbeck now reports to Mauro Ferone as head of sales, interest rates, currencies and commodities trading
The bank has also created an institutional division, to manage our relationships with financial institutions and non-bank financial institutions.
The division is organised into three units covering banks, one unit covering insurers, asset managers, pension funds and leasing companies, and one unit covering financial sponsors, market participants and market infrastructure providers.
Nikolaus Giesbert has served as the new executive for the institutionals business as of 1 July. He has previously headed fixed income, currencies and commodities and is also a division board member.
Robert Scott, as a senior banker, will now focus on relationships with market infrastructure providers such as exchanges, central counterparties/multilateral trading facility, and service providers including both traditional and fintech.
Based in London, he will report to David Burns, head of the financial sponsors, market participants and market infrastructure unit.
Scott will be responsible for relationships with market infrastructure providers such as exchanges, central counterparty clearing house/multilateral trading facility, and service providers.
