Commerz research head quits

Commerzbank’s head of credit research in London, Chavan Bhogaita, has left the bank to set up a credit research team in Dubai for an as yet unspecified rival house.

A spokesperson for Commerzbank says Bhogaita announced his intentions in late November, and that a replacement is being sought.

Bhogaita told Credit his move reflects the growing importance of the nascent Middle East bond market.

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