Commerzbank boosts US derivatives distribution team
Commerzbank Securities, the investment banking arm of Germany's Commerzbank, has hired Judith Erdman as head of third-party distribution in the US. She will report to Sam Gottesman, Commerzbank's New York-based head of distribution for derivatives in the Americas.
Erdman was previously a director within Merrill Lynch’s corporate and institutional client group. She has also worked at Lehman Brothers and Daiwa Bank.
Commerzbank has also hired Michael Belbeck as senior hedge fund salesman for equity derivatives at its New York office.
Reporting to Kumar Doraiswami, co-head of global hedge fund distribution, Belbeck will co-ordinate the marketing of equity derivatives to institutional accounts. He will also spearhead sales efforts to the hedge fund community for equity derivatives.
Belbeck was previously with Credit Suisse First Boston in equity derivatives structuring and marketing, and has also worked at Lehman Brothers and Merrill Lynch.p>Gottesman said hedge funds have provided the dominant flow in the equity derivatives business in the last six to eight weeks, as a result of the increased volatility in the underlying market.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net
More on People
Asia moves: senior hires at Citi, BNP Paribas and more
Latest job news from across the industry
People: Masters moves into FNZ, Two Sigma founders step back, and more
Latest job changes across the industry
Cardano’s Max Verheijen moves to BasisPoint
Verheijen spent 24 years at the Dutch pension advisory firm
People: SocGen’s Farah replaces Salorio, Deutsche makes credit hire, and more
Latest job changes across the industry
Coex Partners hires former Citi head of FX Apac sales
Matt Long joins Coex in Singapore to oversee FX execution and trading strategy for regional clients
Athora CFO exit caps management overhaul
Entire management team at Apollo’s European insurance affiliate has been replaced since 2022
People: New brooms at NatWest and Tradeweb; MUFG splits rates, and more
Latest job changes across the industry
Bank of America’s Kris Fador elected FS-ISAC board chair
Industry consortium for cyber security also adds new board directors from Swift, PNC, Truist and CME