REUTERS/Shannon Stapleton
Bank of America Merrill Lynch has one of the top credit sales and trading operations on Wall Street.
- Brian Kirkwood, a managing director in investment-grade credit sales, is leaving Bank of America Merrill Lynch after nearly 15 years.
- Bank of America has Wall Street's third-ranked business for fixed-income, currencies, and commodities business, and is especially a powerhouse in credit sales and trading.
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A top credit salesman is leaving Bank of America Merrill Lynch after a nearly 15-year run at the bank.
Brian Kirkwood, a managing director in investment-grade credit sales, resigned Monday, according to people familiar with the matter. Kirkwood joined the firm in 2005, and previously worked at ABN Amro and PaineWebber, according to FINRA records.
A Bank of America spokesperson and Kirkwood each declined to comment.
Bank of America has Wall Street's third-ranked business for fixed-income, currencies, and commodities, trailing JPMorgan Chase and Citigroup, according to industry consultant Coalition.
The firm is especially a powerhouse in Americas credit sales and trading, which accounted for a large chunk of the firm's $8.3 billion in FICC revenues in 2018.
The firm reshuffled its FICC sales ranks earlier this year, with Americas head Karen Fang switching over to the trading side of the business as head of counterparty portfolio management, structured notes, and exchange-traded funds.
Gerry Walker, formerly the global head of credit sales, took over Fang's role as head of FICC sales in the Americas.
- Read more:
- A leaked memo shows a shakeup is underway in Bank of America's sales and trading division, as a star sales exec is switching roles and another is leaving the firm
- Merrill Lynch's 'thundering herd' of advisers are winning over troves of new millionaires, and the growth is coming from a surprising place
Get the latest Bank of America stock price here.