Chemical Bank Restructures Globally Along Function Instead Of Product Lines

BANKS

Chemical Bank has formed a global markets group to reflect a new organisational structure, which takes a functional approach to trading instead of the bank's previous product-line strategy, officials say. The global markets group is divided into two units: a price-making trading unit and a "structured products" division.

In an October 5 memo sent to the global markets group (formerly the capital markets and treasury group) senior executive vice president Don Layton laid out plans to "substant