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Derivatives

... Nabs Bank One Credit Trader

Commerzbank Securities has hired Lester Coyle, a structured credit trader at Bank One in Chicago, which has now been absorbed by JPMorgan, in a similar role.

Commerzbank Securities has hired Lester Coyle, a structured credit trader at Bank One in Chicago, which has now been absorbed by JPMorgan, in a similar role. Coyle reports to Michael Staveley, global head of credit trading in London, said Ed Mitchell, spokesman at Commerzbank in New York. Coyle and Staveley both declined comment. It could not be determined whether he is filling a newly created seat.

Thomas Kelly, spokesman at JPMorgan in Chicago, declined comment.

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