Commerzbank's investment banking chief quits

FRANKFURT (AFP) - Commerzbank, Germany`s fourth-biggest bank, said that the head of its investment banking division, Mehmet Dalman, has quit.
Dalman, 46, was leaving the bank "at his own request" in order to "pursue other duties," Commerzbank said in a statement Friday.
His departure, already widely anticipated, was amicable, the bank insisted.
Negotiations were already underway with potential replacements. Until a permanent successor could be found, board member Klaus Patig would take over as caretaker chief of Commerzbank`s investment banking operations.
Earlier this week, a source had told AFP that Wolfgang Matis, head of fixed income at rival Deutsche Bank, was "in talks" to take over as head of Commerzbank`s investment banking activities by the end of this year.
Dalman was set to quit to set up his own hedge fund, the source said.