Hermann Watzinger, former managing director and head of securitization and portfolio credit derivatives at Merrill Lynch in London, has joined ABN AMRO as German head of fixed income in Frankfurt. Watzinger said ABN is also planning to combine its fixed income and loan teams and he will become the German head for both desks after the merger. Watzinger, who left Merrill Lynch in July after the firm reorganized its credit department, will start next month.
Watzinger said after leaving Merrill Lynch there were two avenues he could have chosen. The first was to build or run a structured credit products desk in London, but he had already done that at both Citibank and Merrill Lynch and did not feel like a third run. The other avenue was to go into senior management. He chose ABN because he was impressed by the management. He will report to Piero Overmars, global head of integrated debt in Amsterdam, and Michiel de Jong, country manager for Germany.
