Commerzbank loses sales chief

Last month, the German dealer introduced a new structure that merged institutional sales and corporates sales with the markets trading business to establish a new fixed-income division. As a part of the changes, Willi Ufer, formerly head of markets trading, became head of fixed income, overseeing both sales and trading.

De la Marnierre left the bank at the end of November. He had served a long career with the bank, during which he held a number of senior management roles. They included head of

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