Commerzbank Corporates and Markets has strengthened its global foreign exchange business with six sales and trading appointments.
In a surprise move, Winston Quek, who was due to start at RBC Capital Markets in Singapore this summer, has been appointed head of Commerzbank FX sales, Asia.
Quek was most recently managing director and head of fixed income markets at Calyon Singapore, responsible for both trading and sales for all fixed income market related activities across Singapore, Brunei, Malaysia and Indonesia.
In his new role, Quek remains in Singapore and reports functionally to Gerald Dannhaeuser, Commerzbank’s global head of FX sales, and locally to Nick Johnston, head of fixed income and currency sales, Asia.
In other moves, Roger Sieber has joined the FX emerging markets sales desk in Zurich, with a focus on Swiss asset managers, insurance companies and hedge funds. He reports to Jason Taylor, head of FX EM non-bank financial institutions sales based in London. Previously, he held roles at Dresdner Bank Switzerland, Republic National Bank of New York and UBS.
In New York, Joseph Volpicella has joined the FX sales desk after spending the last six years with Natixis Bank and Bear Stearns. In his 20-year career, he also worked at UBS, Westpac Banking Corp., Republic National Bank and HSBC. Volpicella reports to Ravi Nursey, head of FX sales New York.
Also in New York, Kevin Wilson has joined the FX local markets team as a trader, reporting functionally to Abnash Grewal, global head of local markets, and locally to Nigel Dousie, head of local markets New York. He previously worked for Credit Agricole, Credit Suisse and Deutsche Bank.
In Singapore, Chia Kang Cheam has joined as an FX local markets trader. He was previously a senior interest rate exotic trader at BBVA based in Hong Kong. He reports functionally to Grewal and locally to Ravi Pandit, head of local markets Singapore.
In London, Rahan Qureshi has joined the FX options desk as a senior trader. Qureshi has spent most of his career as an EM and G10 options trader at Merrill Lynch and Standard Chartered Bank. He reports to Sal Rubino, global head of FX derivatives.
Dannhaeuser says that the reinforced team “will further bolster the bank’s global reach and provide clients with a local and knowledgeable sales force across all regions.”