Commerz Resignation Prompts I-Rate Rethink

  • 16 Jul 2001
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Zack Vora, head of interest rate products at Commerzbank in Hong Kong, recently resigned and the German firm is planning to restructure its interest-rate derivatives operations in Singapore and Hong Kong in the wake of the move.

Commerz is not looking for a replacement because of the restructuring, said Bob Fotheringham, treasurer in Hong Kong. An official familiar with the firm added that more interest-rate trading responsibility will be shifted to Singapore. Reasons for the proposed move could not be determined and Fotheringham could not be reached to discuss this point.

Vora said he quit because of frustration with a global hiring freeze at Commerz that prevented him from building a derivatives presence in Hong Kong. He is looking to take some time off before returning to the industry, "perhaps travel the world."

  • 16 Jul 2001

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 Citi 22,118.13 61 9.00%
2 Barclays 20,987.41 55 8.54%
3 JPMorgan 17,406.75 53 7.08%
4 HSBC 16,333.52 48 6.64%
5 Goldman Sachs 15,454.74 49 6.29%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 Commerzbank Group 114.00 1 66.16%
2 CaixaBank 37.05 1 21.50%
3 UniCredit 10.62 1 6.17%
3 BNP Paribas 10.62 1 6.17%
Subtotal 172.30 3 100.00%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 SG Corporate & Investment Banking 770.06 2 16.80%
2 Goldman Sachs 656.16 2 14.32%
3 JPMorgan 527.28 4 11.50%
4 Emirates NBD PJSC 408.38 1 8.91%
5 Deutsche Bank 321.53 3 7.01%