Denis Rath is leaving Landesbank Baden-Württemberg to join Commerzbank’s DCM syndicate team as a vice president in London.

Rath is on gardening leave and will be joining Commerzbank by the beginning of 2012. He had been working at LBBW for five years, most recently as debt capital markets syndicate manager sharing responsibility for covered bonds.

Earlier this year Martin Rohland joined Barclays Capital’s syndicate after having left LBBW, while a year ago head of syndicate Vincent Hoarau went to Crédit Agricole. The German bank has also suffered covered bond analyst and DCM departures.

At Commerzbank, Rath will be focused on senior unsecured bonds. He will report to Hugh Carter in London and Joachim Heppe in Frankfurt.