Commerzbank loses two in sales

NEW YORK & LONDON – Commerzbank has lost two of its sales force, with the departures of Ricardo Zulliger, head of fixed-income and currencies (FIC) in New York, and Adam Smith from foreign exchange electronic sales in London.

Zulliger joined Commerzbank in May 2009 from Dresdner Kleinwort, where he was New York-based head of fixed-income, currencies and commodities in North America (FX Week, April 21, 2008). Before that he was head of FX sales at Dresdner in London.

Zulliger has done various stints at JP Morgan, Deutsche Bank and UBS as vice-president.

His most recent Linked In profile status, updated in February, simply reads: "Left Commerzbank today... Time for change." It is unclear where he will be moving to.

Meanwhile, Smith left the German dealer on January 12. He worked on the e-commerce desk specialising in FX e-sales, and fixed-income and currencies sales for corporates and markets, and reporting to Stefan Hamberger, head of the FX sales desk. It is unclear where Smith will be moving to.

Commerzbank declined to comment.