Commerzbank global head of FX spot resigns

- By Robert Mackenzie Smith
- 24 Mar 2015

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Beat Nussbaumer, managing director and global head of foreign exchange spot at Commerzbank, has resigned, according to a person familiar with the matter.

London-based Nussbaumer left the firm in January and is currently on gardening leave. He is set to join a US bank next month.

Nussbaumer has been a spot trader since 1984. He worked at Union Bank of Switzerland for more than 13 years, trading USD/CHF, and left in 1997 to join Morgan Stanley, where he focused on commodity and Asian currencies

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