Commerzbank Nabs SG Equity Structurer
Commerzbank Securities has hired Henry Flowers, director in equity derivatives structuring at SG Cowen in New York, in a new role as a senior structurer on the firm's cross-asset structuring desk in New York. Flowers, who started earlier this month, reports to Ted Madara, head of what is now a five-person U.S. derivatives structuring team.
Madara said the hire represents an addition to the team, to meet increasing demand, specifically in short-term interest rate and alternative products. The desk structures over-the-counter derivatives across all asset classes.
At SG, Flowers said he structured equity derivatives products for hedge funds. He reported to Philippe El-Asmar, head of equity derivatives structuring in New York, who declined comment.