The co-chief of Commerzbank's US business and its New York-based head of credit have exited the bank in the wake of lossmaking investments in sub-prime mortgages.
Hans Joachim Doepp, one of two heads of Commerzbankâs US operations has left and has been replaced by Harry Yergey. Yergey had most recently been head of the bankâs London office and its branches in western Europe.
