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Derivatives

BNY Adds Commerzbank Honcho

BNY Capital Markets has hired Carmine Urciuoli, head of investment-grade syndication at Commerzbank Securities in New York, according to a person close to him. Urciuoli's exact duties at BNY could not be learned. Tori Berntsen, president of BNY Capital Markets, and Urciuoli did not return calls.

Ed Mitchell, a Commerzbank spokesman, said Urciuoli left the firm on good terms and a replacement is under review.

Separately, Commerz has hired David Madon, managing director and Americas head for credit markets and credit derivatives at Credit Lyonnais Securities in New York, as a senior structured derivatives marketer and product manager. Omar Bouyami, head of the Americas, said Madon has been hired as part of a move to build the firm's distribution platform. Mary Guzman, spokeswoman in New York, declined comment and Madon could not be reached.

 

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