Deutsche Bank managing director Michael Commaroto, who has overseen the foreign bank's whole-loan trading operation for much of the decade, has left the company, industry sources have confirmed to MortgageWire. A few months back Paul Mangione, managing director in charge of subprime trading and asset-backed securities for the bank, also departed. He was Mr. Commaroto's deputy. A spokeswoman for Deutsche Bank declined to comment. Mr. Commaroto's departure has been the subject of rumors since December. Sources say he is looking at employment opportunities in the "scratch-and-dent" market. (For full details, see the April 7 issue of National Mortgage News.)
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