Mark Cudmore has left his role as head of FX hedge fund sales, according to market sources.
A spokesperson at the German bank declined to comment on the departure.
Cudmore joined Commerzbank in 2011 in London after serving as executive director in FX sales at Nomura, also in London (Squawkbox 4 July 2011). He joined Nomura in 2008 as the bank took on 40 members of Lehman Brothers’ FX team in London. At Lehman’s he was co-head of NDF trading with James Pearson, who also joined Nomura, as global head of G10 FX trading, European emerging market spot and non-deliverable forward trading (Squawkbox 13 October 2008).