Commerz Completes Build-Up In Singapore With Final Hires

BANKS

Commerzbank has reached its target level for expansion in Singapore, putting the last senior trader in place earlier this month, say officials. But the bank has further expansion plans for other parts of the Asia-Pacific, opening a branch in Labuan off the coast of Borneo (Sabah) less than two weeks ago.

Senior dollar/mark trader Patrick Saczawa was transferred from Frankfurt to beef up the Singapore spot desk as part of an effort to strengthen and expand the bank's major currency presence in