Ricardo Pascoe, global head of foreign exchange, fixed income and alternative investment strategies at Commerzbank Securities in London, has been named acting managing director and head of the London office following the departure of Martin Bell. Pascoe said he will keep his existing responsibilities. Bell could not be reached.
Bell's position as the sole managing director in London meant he was responsible for the day-to-day running of the London office, but the firm is run along product lines so he was not head of all the departments. Bell left the firm because he wanted a career break, according to Neil Brazil, spokesman.
Separately, Henry Van Moyland, head of convertible bond trading at Commerzbank Securities in New York, has resigned. Van Moyland did not respond to voice mail messages. Edgar Mitchell, spokesman in New York, declined comment. Van Moyland is not thought to have joined a competitor, and may be considering launching his own hedge fund, said officials familiar with the resignation.
