Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Commerzbank’s Giesbert to Lead Fixed Income & Currencies

Aug. 16 (Bloomberg) -- Commerzbank AG will merge its fixed income and currencies sales and trading arms under Nikolaus Giesbert as Germany’s second-biggest bank overhauls its senior management.

Hui-Sun Kim, divisional board member for fixed income and currency trading, will leave the company, Michael Reuther, who leads Frankfurt-based Commerzbank’s investment bank, said in an Aug. 14 memo to staff obtained by Bloomberg News today.

Commerzbank is cutting staff to bolster its profitability as the bank shrinks to meet European Union antitrust requirements stemming from its 2009 rescue by German taxpayers. The lender said last week that it will trim the number of seats on its executive board to seven from nine and cut first-level managers, currently 55, by about 20 percent in the coming weeks.

A call to Kim’s office number in London wasn’t connected. An e-mail to his Commerzbank address was returned with a message stating that he’s out of the office and not contactable. Margarita Thiel, a Commerzbank spokeswoman, declined to comment.

Kim, who joined the bank in 2000, overhauled its options trading, improved risk management and integrated the fixed income and currencies trading businesses of Commerzbank with Dresdner Bank after it was acquired in 2009, according to the memo.

The Wall Street Journal reported the plan earlier.

To contact the reporter on this story: Nicholas Comfort in Frankfurt at

To contact the editor responsible for this story: Frank Connelly at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.