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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.

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