Changes are afoot in FICC at Bank of America Merrill Lynch's: A star sales exec is moving into a role in trading and another business head is moving on.
Bank of America Merrill Lynch is shaking up its fixed-income, currencies, and commodities division.
Karen Fang, the head of sales and structuring for FICC in the Americas and head of cross-asset strategies and solutions, is leaving her post for a senior role in trading, according to an internal memo seen by Business Insider. The memo — from DeMare, Mensah, global FICC sales head Sanaz Zaimi, and global equities sales and distribution head Soofian Zuberi — says Gerry Walker, currently the global head of credit and special situation sales, is taking over Fang's role as head of FICC sales in the Americas.A Bank of America spokesperson declined to comment on the moves.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JP Morgan escalates deposit wars with expansion into the heart of Bank of America countryAs J.P. Morgan seeks to cover most of the U.S. population with branches by 2022, it is heightening a rivalry with the country's biggest banks. Banks of all sizes are competing for deposits to fuel growth.
Read more »
Boeing's fix for 737 Max may take three to six months, Bank of America predictsBoeing said a software change is in the works and Bank of America estimated it would take Boeing three to six months to 'certify the fix.'
Read more »
FedEx should delay Boeing deliveries and boost stock with buybacks instead, Bank of America saysBank of America suggested on Monday that the logistics company could boost its stock by delaying planned purchases of Boeing airplanes.
Read more »
Europe's central bank just flashed a warning for any potential Deutsche Bank-Commerzbank merger'I do not particularly like the idea of national champions, of European champions,' the eurozone's top financial supervisor told the Financial Times.
Read more »
Japan's regional bank lobby urges BOJ to focus on rising costs of easingJapan's regional bank lobby on Wednesday called on the central bank to focu...
Read more »
These red flags will tell you when it’s time to sell the stock rally: Bank of America Merrill LynchOur call of the day from B. of A. Merrill Lynch offers up some pointers on how to know when investors have pushed this stock market rally far enough.
Read more »
PwC to pay $335 million over failed audits of Alabama's Colonial Bank: U.S. regulatorA top U.S. banking regulator said on Friday that PricewaterhouseCoopers will pay...
Read more »
Who Will Trust Facebook Bank?Following a significant data breach, a titanic loss of consumer trust, calls by numerous politicians for regulation, and a massive service outage, Facebook wants to become a bank issuing its own cryptocurrency. Who will trust Facebook Bank?
Read more »
Global gloom forces Japan central bank to temper its outlookThe Bank of Japan kept monetary policy steady on Friday but tempered its optimis...
Read more »