Commerzbank Corporates & Markets hires Eckhard Arndt from ...

Press release
9 June 2005
Commerzbank Corporates & Markets hires Eckhard Arndt from
Standard Bank
Commerzbank Corporates & Markets (CBCM) today announced it has hired Eckhard Arndt as Global
Head of Credit Markets.
Mr Arndt will be based in London and will take responsibility for CBCM’s Credit Derivatives and Bond
trading, Emerging Markets bonds and Banking Book activities.
Mr Arndt joins from Standard Bank where he was the London-based Managing Director and Global Head
of Credit Trading. At Standard Bank he established the Bank’s Credit Derivatives platform and was
responsible for all cash and credit derivatives products, asset swaps, credit linked notes, corporate bond
and emerging markets trading.
Prior to this, Mr Arndt worked at DZ/DG Bank as Head of Credit Trading where he launched the Bank’s
first and second generation credit derivatives products and established the Bank’s credit linked notes
MTN programme for synthetic securitisation from both London and Frankfurt.
Until 1998, Mr Arndt was Senior Vice President at Salomon Brothers’ New York Fixed Income Derivatives
Research department and Head of Exchange Traded Fixed Income Derivatives Research. At Salomon
Brothers he proved his strategic expertise in fixed income derivatives products as Vice President of the
Bank’s Financial Strategy Group. Prior experience includes several positions at JP Morgan, BHF Bank
and West Deutsche Landesbank.
Mr Arndt’s appointment follows a number of new hires within CBCM’s Structured Credit business, which
are part of the unit’s strategic plan to boost its client-related activities in this area. CBCM now focuses
primarily in taking trading positions to facilitate client business.
Commerzbank AG is regulated by the FSA for the conduct of investment business in the UK. Member of the London Stock
Exchange
1

Mr Arndt will report to Willi Ufer, Global Head of Markets at CBCM, who joined on 01 April from HSBC
Trinkaus.
Commenting on the new appointment, Willi Ufer said: “Eckhard is an excellent trader with very strong
market know-how and I am pleased to welcome him to the team. His expertise will enable CBCM to
deliver a strong service across more asset classes to our clients in Europe. Our predominantly London-
based Credit Markets business plays a pivotal role in our Corporates & Markets strategy and we are
looking forward to further enhancing our excellent risk management and credit structuring expertise, one
of our most powerful assets.
“We also see enormous opportunities for us going forward arising from the distribution of Emerging
Market Credit to our client-base in Europe and in the packaging of Mittelstand credit for placement in the
European Capital Markets. I am looking forward to working together with Eckhard to further boost
CBCM's position in this market.”
ENDS
For further information, please contact:
Margarita Thiel, Corporate Communications +44 (0) 20 7653 7835
Notes to Editors
Commerzbank Corporates and Markets (CBCM) is the integrated Corporate and Investment Banking division of
Commerzbank AG.
CBCM provides a broad range of Commercial and Investment Banking products to corporate, multinational and
institutional clients. The business incorporates capital markets activities in credit, equities, interest rates and foreign
exchange with a strong focus on derivatives and structured products.
As a division of one of Europe’s leading financial institutions and with the backing of a Eur424.9bn balance sheet
(31.12.04), CBCM provides clients with capital and debt raising solutions, access to a broad range of investment and
risk management products across all major asset classes.
Commerzbank AG is regulated by the FSA for the conduct of investment business in the UK. Member of the London Stock
Exchange
2