Commerzbank Securities Appoints Edward Cartwright as Chairman of Commerz Futures LLC.Business Editors CHICAGO--(BUSINESS WIRE)--June 17, 2002 Commerzbank Securities has appointed Edward Cartwright as chairman of Commerz Futures LLC, the wholly-owned Chicago based futures commission merchant Futures commission merchant (FCM) A firm or person engaged in soliciting or accepting and handling orders for the purchase or sale of futures contracts, subject to the rules of a futures exchange and, who, in connection with such solicitation or acceptance of orders, accepts any of Commerzbank AG. Formerly Global Head of Research for Commerzbank Securities, Cartwright is charged with developing the natural synergies between Commerz Futures and Commerzbank Securities, particularly the expanding derivatives business. Prior to joining Commerzbank Securities in September 2000, Cartwright was head of the Japanese department at Jefferies & Co, responsible for establishing its institutional equity-linked and structured product business. Prior to that, he spent 10 years at HSBC HSBC Hongkong and Shanghai Banking Corporation HSBC Humane Society of Broward County (Florida) HSBC Humane Society of Bay County (Bay County, Michigan) James Capel in London and New York focusing on Japanese institutional sales. Mehmet Dalman, Member of Commerzbank's Board of Managing Directors responsible for investment banking, commented: "Edward will be a key player as we expand our global businesses. His proven skills in equity-linked and structured products businesses will provide a boost to the integration of Commerz Futures products with those of Commerzbank Securities." Notes to Editors: Commerz Futures LLC, headquartered in Chicago, is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Commerzbank AG. As a Futures Commission Merchant and NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). Broker/Dealer, Commerz Futures provides clearing and execution for a full range of institutional futures clients from three locations: Chicago Board of Trade Chicago Board of Trade (CBOT) The second largest futures exchange in the US, and a pioneer in the development of financial futures and options. , Chicago Mercantile Exchange Chicago Mercantile Exchange (CME) Chicago Mercantile Exchange (CME) is the largest futures exchange in the United States and the second largest exchange in the world for the trading of futures and options on futures. and Commerz Futures Global Trading Floor. Through the use of correspondent brokers, Commerz Futures also clears non-financial futures such as metals, energy, and agricultural products. |
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