Commerzbank has made 10 hires in global fixed-income sales and trading, mainly in rates - an area that has become increasingly important to banks this year as investors and companies to seek out products to prepare them for any rise in the cost of borrowing.

The hires span the German bank's desks in the UK, US and Asia with the majority, seven, joining the London offices that Commerzbank moved into following its acquisition of domestic rival Dresdner Kleinwort in 2008.