Two Commerzbank Credit Traders in London Said to Have Departed

(Bloomberg) -- Two credit traders have left Commerzbank AG’s London office, according to people familiar with the matter.

Colin Webb, who focused on financial credit, and Benjamin Cuddeford have both departed, said the people, who asked not to identified because they aren’t authorized to discuss the matter publicly. Alejandro Bonano left previously, people said.

Claire Tappenden, a spokeswoman for Frankfurt-based Commerzbank, declined to comment on the departures.

Cuddeford is moving to BNP Paribas SA, according to two people familiar with the matter. Cuddeford and BNP Paribas spokesman Andy Achimu declined to comment on the appointment.

Bonano joined Nomura International Plc last month, where he reports to the head of emerging-market credit trading, Walid Haram, people said. Nick Probert, a Nomura spokesman, declined to comment on the hiring.

To contact the reporters on this story: Tom Beardsworth in London at tbeardsworth@bloomberg.net, Nishant Kumar in London at nkumar173@bloomberg.net.

To contact the editors responsible for this story: Shelley Smith at ssmith118@bloomberg.net, Neil Denslow, Abigail Moses