ABN Amro hires German global financial markets head

Dutch bank ABN Amro has hired Hermann Watzinger to head its global financial markets group in Germany, covering all of the bank’s activities in fixed income, including structured finance, treasury, asset securitisation and fixed-income derivatives. Watzinger was previously European head of securitisation and portfolio credit derivatives at Merrill Lynch in London.

Watzinger will join ABN Amro next month and will be based in Frankfurt. He started his career at Citibank in Frankfurt in 1990, where one of his responsibilities was to establish a European credit derivatives platform.

Watzinger stepped down from his previous position at Merrill Lynch following the bank’s restructuring of its global principal investment and structured finance business in July.