Commerzbank hires new head of credit markets

Commerzbank Corporates & Markets has hired Eckhard Arndt as global head of credit markets.  Arndt, based in London, will focus on credit derivatives and trading emerging markets bonds and banking book activities. He will report to Willi Ufer, global head of markets at Commerzbank, who joined the bank in April this year. Arndt joins Commerzbank from Standard Bank where he was a managing director and global head of credit trading.