...As Options Head Departs

  • 17 Dec 2001
Email a colleague
Request a PDF

Steven Block, head of interest-rate trading at Commerzbank Securities in New York, left as part of the department's restructuring. Ashwin Kumar, head of fixed income proprietary trading in New York, has taken over Block's duties and no replacement for Block will be appointed, according to Edgar Mitchell, spokesman in New York. Mitchell declined comment on why Kumar was appointed over Block and whether Block was fired. Block could not be reached.

The restructuring is designed to link the firm's cash bond trading business with its fixed income derivatives business in the U.S. Commerzbank has already made this shift in London and Tokyo earlier this year, to leverage synergies between the two businesses. As part of the restructuring Kumar has been put in charge of interest-rate derivatives, agencies, government bonds and prop trading.

Block reported to Ricardo Pascoe, head of derivatives trading for the Americas in New York. Kumar reports to Pascoe. Both referred calls to Mitchell.

  • 17 Dec 2001

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 30,363.50 109 7.56%
2 JPMorgan 27,423.07 94 6.82%
3 Goldman Sachs 27,365.68 53 6.81%
4 Barclays 25,009.79 63 6.22%
5 Deutsche Bank 22,679.02 69 5.64%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Mizuho 299.85 1 21.73%
1 ING 299.85 1 21.73%
1 Commerzbank Group 299.85 1 21.73%
1 BNP Paribas 299.85 1 21.73%
5 UBS 60.22 1 4.36%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 1,607.28 5 22.59%
2 Credit Suisse 1,301.65 4 18.30%
3 UBS 970.80 3 13.65%
4 BNP Paribas 522.35 4 7.34%
5 SG Corporate & Investment Banking 444.17 3 6.24%