Commerz reorg complete


LONDON -- Germany’s Commerzbank has completed the integration of its London FX operation into its securities division.

The move brings foreign exchange under the same management structure as the fixed-income and equities groups, enabling the bank to offer a wider service to clients, said Ricardo Pascoe, acting global head of forex at the bank in London.

"FX and fixed income will be working much more closely," said Pascoe. "Our FX traders will now have access to our hedge fund accounts, and fo