Commerzbank has nabbed Steve Lobb, managing director at Scotia Capital in London, as its European head of structured credit. Lobb starts in the coming weeks and will report to Mike Staveley, global head of credit trading, according to Neil Brazil, spokesman at Commerzbank in London.
At Scotia, Gill Harris head of human resources in London, declined to say whether Lobb had resigned, but stated "Lobb is working for the bank and is continuing to do business." Lobb could not be reached for comment.