Ricardo Pascoe, global head of foreign exchange, alternative investment strategies and proprietary trading at Commerzbank Securities, and managing director of the London office, has resigned. Pascoe resigned for personal reasons, according to Neil Brazil, spokesman in London. Pascoe was traveling and could not be reached.
PascoeÕs responsibilities have been reallocated among several Commerzbank staffers, Brazil said. Ali Satrap, global head of interest rate trading, has added foreign exchange to his platter and the businesses will be combined. Tim Fisher, global head of risk, will take on additional responsibilities as acting head of precious metals, proprietary trading and alternative investment strategies. Dereck Rock, global head of equities, has also been named as acting managing director, London. Satrap, Fisher and Rock did not immediately return calls.
