Commerzbank companies & markets Hires Director of sales FI for the Germany / Austria / Switzerland

Commerzbank businesses and markets (C & M) has hired Benjamin Melzer as head of Financial Institution sales Germany / Austria / Switzerland.

In this role, Melzer will report to Andrew Readinger, an overall responsible Financial Institution sales. It will focus on further deepen and develop the relations with clients of Commerzbank in fixed income and zone currencies throughout the Germany, Austria and Switzerland.

Andrew Readinger, Global Head of Financial Institution Sales, commented: "we are convinced that the experience of Benjamin will help us develop our strategic expansion in the central area of the German-speaking countries".

Melzer will be based in Frankfurt and joined the Bank this week of Morgan Stanley, where he held several senior positions over a period of 12 years. More recently, he has been responsible for the Financial Institutions covering the Germany, Austria and Switzerland on global capital markets.

Readinger said: "the hiring of Benjamin Melzer is a natural fit with our strategy to deliver better customer experience class and prospects".

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Happy days and increases in top firm Surprises & Comp Pot

Well, well, well. Who would have thought it.

Although Morgan Stanley posted a loss of Q2 558 m $ Thursday (after a one-time charge of $1. 7bn related to its agreement with Mitsubishi UFJ International), the Cabinet took the markets by surprise with a solid performance across all major companies, with revenues 17% in the first quarter. Fixed income has been particularly in the period.

And the shares of the company replied by 11.42% higher in New York trade, closing at 24.20.

Provision of compensation of employees has increased too much, as Morgan Stanley set aside $4. 19bn for investment banking staff in the first 6 months of the year (an increase of 10% on last year). This compares to the. $ 8 Goldman 44bn is cancelled in the period (down 9%) and the. 86bn 5 $ allocated for comp by the JPMorgan Investment Bank (+ 4.86% over a year earlier).

Compensation set aside for richness of Morgan Stanley firms arrived MD $4 (+ 9%).

And the smart money has started to blow the trumpet of the Cabinet:

"I think that Gorman (CEO James) is finally beginning to see the reality of its efforts to improve the business".

' Morgan Stanley is the new Goldman Sachs. Each of their divisions shows improvement and upgrading of trading operations is particularly impressive '.

Richard Bove, analyst, Rochdale Securities (The New York Post, The Daily Telegraph)

' Morgan Stanley has really hit the ball out of the Park. It is a very impressive neighbourhood of a point of view of revenue "."

Jason Tyler, SVP, Ariel Investments (Bloomberg Radio)

The results of the second quarter of Morgan Stanley should dispel any notion that the company may be worth more dead than live '.

The Wall Street Journal

However, a set of data does really that Morgan Stanley is on the way back, and CEO James Gorman, reminded the staff in a memo Thursday that "there are still many" to realize the full potential of our franchise world.

Overall, however, it is good to be Morgan Stanley (for now).

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Dahlman Rose & Co appoints global head of Sales Trading

Dahlman Rose & Company, LLC, an investment bank Leader specialized in natural resources, transportation and other industries in the global supply chain, has announced that it has appointed Glenn Starkman as Global Head of Sales Trading, effective immediately.

In the new position, Starkman will be responsible for the continued growth and Direction of the commercial effort of the company sales.

"We are pleased to have a professional of the stature of Glenn Starkman to join our management team," said Kim Fennebresque, President and CEO of Dahlman Rose & Co. "experience in Glenn broad industry through a variety of investment products, solid management skills and relationships with customers around the world expand our market presence while we continue to the rapid growth of our sales platform" "and of negotiation".

Starkman, 49, has more than 27 years of experience in sales institutional and commercial. Prior to joining Dahlman Rose, he served as Global Head of Sales Trading Knight Capital Group, a global financial services company. 2000-2009, Starkman held various roles at UBS AG, including the management of their sales and the International Sales Trading of companies to the United States. He began his career on Wall Street to Sanford Bernstein in their Asset Management division, where he spent 10 years prior to be employed by Goldman Sachs & Co. from 1994 to 2000. Mr. Starkman has obtained a Bachelor's degree in economics from Boston University.

"I look forward to working closely with the management of Dahlman Rose and talented sales trading department team and in contributing en contribuant company continued success, said Starkman." "The company's reputation for providing superior customer service combined with expertise in the field provides an important value for investors interested in companies that operate along the global supply chain".

WHETHER DAHLMAN ROSE & CO.

Dahlman Rose & Co., LLC (Member: FINRA/Lanzamiento) is an investment bank focused on energy, transport, infrastructure and other research-based industries that make up the global supply chain. The Cabinet industry, bankers and traders analysts offer unique insight into companies and markets that provide the elements of the global economy.

Dahlman Rose has its headquarters in New York and has offices in Boston and Houston. Dahlman Rose provides institutional and commercial, equity sales and research of fixed income securities, mergers and acquisitions advisory and underwriting services. For more information about Dahlman Rose, please visit www.drco.com.

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BNY Mellon appoints the President of the Europe, Middle East & Africa

BNY Mellon announced the appointment of Michael Cole-Fontayn, new President of the Europe, Middle East and Africa (EMEA).

The EMEA region represents 26% of revenues (1) global and employs 10,000 people in 16 countries.

As President of the EMEA region, Cole-Fontayn will lead the regional management team in the execution of strategic plans of the company and the acceleration of growth in this key region. It will retain its existing role and responsibilities as Chief Executive Officer, received depositary to BNY Mellon. Cole-Fontayn resumed the role of President of Tim Keaney, CEO of BNY Mellon Asset servicing. Keaney moved to New York, where he will continue to conduct the business of active service around the world.

Gerald Hassell, President of BNY Mellon, said: ' the expansion of our international business is the key to the continued success of our company. We continue to see many interesting opportunities in the EMEA region, and we are well placed to take advantage of the momentum that we have acquired in the region. We continue to gain market share and benefit from our recent acquisitions of Insight Investment Management in the United Kingdom, BHF Asset maintenance of PNC Servicing of Global business investment and Germany. Michael brings many years of experience and international high powers to his new role and it is an ideal candidate to capitalize on the many accomplishments of Tim Keaney President "."

Cole-Fontayn joined BNY Mellon in 1984 and worked in the company of bailee received since 1992. Between 1993 and 2000, he ran the BNY Mellon Issuer Services Group in Hong Kong. He is a member of the Executive Committee and the World Committee of exploitation of BNY Mellon.

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BGC Partners Appoints Executive MD and Director of Oro market data

BGC Partners, Inc. has announced the appointment of Mark Benfield as Director Executive and Director of the data Oro on the market, one of the leading providers of data market in the world and a subsidiary of BGC partners.

Benfield, who will be based in the Asia-Pacific region of the company, will have overall responsibility for market Oro and will report to Shaun Lynn, President of BGC partners. Mr. Benfield is supported for Bernie Weinstein, who will continue to oversee Kleos, Oro technology infrastructure and operations on the service host system and will be also responsible for the company intellectual property.

Shaun Lynn, President of BGC Partners commented: "Mark brings a wealth of experience and leadership as a leading professional in the field of financial information." His appointment underlines the commitment of data on the market of the Oro to meet the specific needs of each client of world-class, at the time actual exchange of data and analysis as the market continues to evolve with new financial products and develop volumes of trade.

Lynn said: "I want to thank Bernie for her contributions and look forward to its ongoing success in his new role of".

Benfield said: ' that the world market develops, the need for the provision of accurate and increases inventory data pricing. I look forward to working with professionals in our offices in the world and Electronic Commerce of the ORO team to ensure that we are maximizing our global inventory data so that the ORO can best serve our valued customers and the broader market financial '.

Benfield joined BGC of ICAP plc, where he was Director regional for ICAP Information Services in the Asia-Pacific region. He was responsible for the construction of free information of the ICAP in the Asia-Pacific and the management of the global strategic marketing for ICAP Information Services group.

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