Commerz to add staff for new long-dated options book
The move follows the merger of the bank’s FX and interest rates business, which was completed in London around three months ago (FX Week, August 18). "Long-dated FX products are very interest-rate sensitive," said Ali Satrap, global head of FX and interest rates at Commerzbank in London. "The long-dated FX options book we are developing will use the synergies between the two businesses, and will be offering more exotics and more tailor-made structures." It will be launched by year-end, he added
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