Commerzbank has named C. Warren Carter and Udo Braun as managing directors in its U.S. investment banking subsidiary.
The two replace Karl Oellinger, who retired from Commerzbank Capital Markets Corp. last month. Mr. Oellinger was a 20-year veteran of Commerzbank, Germany's third largest financial institution.
Mr. Carter joined Commerzbank from Credit Suisse in December 1995. Mr. Braun was previously at Commerzbank's head office in Frankfurt.
"Our major goal for 1997 is to build up a larger fixed-income presence for North America," said Mr. Carter in a telephone interview.
The capital markets unit conducts sales and trading of equities, bonds, syndicated loans, and foreign securities in dollar and nondollar products.
Commerzbank will also work to channel more European fixed and equity products into the U.S. market. "Ultimately we'd like to have a more rounded product line, including asset-backed securities," said Mr. Carter.
The bank placed 19th at the end of the third quarter in agent/co-agent rankings by volume, according to Loan Pricing Corp./Gold Sheets.
Separately, Brown Brothers Harriman & Co. admitted Robert R. Gould as a general partner on Jan. 1.
Mr. Gould, 36, joined the private bank's corporate finance and mergers and acquisitions department in 1988 after seven years in the commercial division.
His responsibilities include advising private companies and selecting and managing private equity investments for the firm's family of 1818 Funds.