Commerz Resignation Prompts I-Rate Rethink

  • 16 Jul 2001
Email a colleague
Request a PDF

Zack Vora, head of interest rate products at Commerzbank in Hong Kong, recently resigned and the German firm is planning to restructure its interest-rate derivatives operations in Singapore and Hong Kong in the wake of the move.

Commerz is not looking for a replacement because of the restructuring, said Bob Fotheringham, treasurer in Hong Kong. An official familiar with the firm added that more interest-rate trading responsibility will be shifted to Singapore. Reasons for the proposed move could not be determined and Fotheringham could not be reached to discuss this point.

Vora said he quit because of frustration with a global hiring freeze at Commerz that prevented him from building a derivatives presence in Hong Kong. He is looking to take some time off before returning to the industry, "perhaps travel the world."

  • 16 Jul 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%