Commerzbank Sets Up Derivatives Sub To Give Its Traders 'More Flexibility'
BANKS
Commerzbank has announced plans to set up a separate subsidiary to handle derivatives trading for the bank. Treasury and capital markets director Rudolph Duttweiler says he will be one of two co-executive directors of the new subsidiary. The other, he says, will be Antoine Paille, who was previously at Société Générale, where he founded the French bank's derivatives unit.
Duttweiler says the subsidiary - guaranteed by the bank and given the same AA rating - does not have the same mission as those
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