Commonwealth Bank of Australia increases Asian rates trading in Singapore

Commonwealth Bank of Australia is expanding the depth of its Asian interest rates market coverage by hiring new staff in Singapore. The bank is also looking into moving some of its commodities traders to the Lion City

Commonwealth Bank of Australia (CBA) has hired Mark Pang from UBS and Varun Tejavath from Nomura International to expand its Asian rates trading team in Singapore. Both Pang, who joined in March as chief dealer, and Tejavath, who joined as a dealer in February, report to head of Asian rates trading Dean Scott.

CBA decided to increase its South-east Asia rates coverage in December 2009, when the Sydney-headquartered bank relocated its Asian rates trading team from Sydney to Singapore. At the same