Commerz management rift

PEOPLE NEWS

LONDON -- Edward Voorhees, formerly global head of foreign exchange sales and trading at Commerzbank in London, resigned from his position last month due to differences over business decisions at the bank, he told FX Week.

"I resigned as a matter of principle. My approach to the business, more particularly, my motives and reasons for making business decisions, differ dramatically from the person I’d be reporting to in the new set-up," he said last week.

The new set-up, a recently-announced

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