Eric Langille, former co-head of credit derivatives trading at Bear Stearns in New York, has joined Commerzbank as head of flow credit trading, which includes credit derivatives. George O'Dowd, head of New York credit trading, who Langille reports into, said the hire caps off the German firm's U.S. additions. Commerzbank is now "at full strength," he noted. Langille, who declined comment, also reports to Michael Staveley, global head of credit trading in London. Staveley declined comment.
David Madon, former managing director and Americas head for credit markets and credit derivatives at Credit Lyonnais Securities in New York, also recently came on board as a senior structured derivatives marketer and product manager (DW, 7/20).
Michele Agostinho, spokeswoman at Bear Stearns in New York, did not return calls regarding Langille's replacement.
