BRIEF-Credit Bank of Moscow increases its stake in PIK Group
* SAYS IT INCREASES ITS STAKE IN PIK GROUP TO 19.6519% FROM 12.5141% Source text: http://bit.ly/2smAver Further company coverage: (Gdynia Newsroom)
LONDON, Dec 12 (IFR) - Denis Rath, a London-based Commerzbank syndicate banker, is relocating to Singapore at the end of December where he will be taking origination responsibilities for Australian, New Zealand and Singaporean financial institutions, according to two sources.
Rath joined the Commerzbank syndicate desk in December 2011 and focused on issuance from financial institutions. He previously worked at LBBW Stuttgart, where he spent five years.
Rath's syndicate responsibilities will be shared between Christian Klocke and Christian Guentzel who are based in Frankfurt.
A Commerzbank spokesperson was not immediately available for comment. (Reporting by Helene Durand; editing by Alex Chambers)
* profit for year hk$ 274.1 million versus hk$ 344.5 million