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Citigroup has hired two former UBS base metals executives to its growing metals trading desk as part of the U.S. bank's expansion of its commodities business, the bank said on Thursday.

Reuters reports that Rick McIntire will join as global head of base metals sales and Dylan Morgan has been appointed co-head of base metal trading alongside Tom Parkin.

Both were previously at UBS.

In the meantime, Bloomberg reports that Commerzbank  has named Christoph Thierolf head of its mergers and acquisitions business.

Thierolf has worked at Commerzbank since 2008 as co-head of its M&A health-care and pharmaceuticals team, according to a statement from Commerzbank. He’ll be based in Frankfurt and report to Roman Schmidt, global head of corporate finance at the investment-banking division.

Finally, Bloomberg also reports that Kai Tschoeke, Morgan Stanley’s chief of German and Austrian mergers and acquisitions, is leaving the bank after more than 20 years.

Tschoeke, 45, who has been with the firm for his entire career, will depart this year to pursue other interests, according to a spokeswoman for the bank, who asked not to be named in line with company policy. His tasks on the German management board will be assumed by existing members, she said.

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