REUTERS/Brendan McDermid
A man walks near a Bank of America branch in New York's Times Square Decemeber 11, 2008.
- Bank of America is reshuffling leadership in its markets division, and it has poached a Goldman trading exec to bolster its ranks.
- In an internal memo sent Thursday, BofA announced it has hired Carlos Fernandez-Aller, a Goldman partner who served as the Americas head of global currencies in addition to overseeing equities and fixed-income trading for the Latin America region.
- Fernandez-Aller will join the firm as cohead of the foreign exchange business alongside Denis Manelski.
- Additionally EMEA FICC trading head Mayur Jethwa is moving into a role in equities trading, according to the memo.
- In addition to leading FX, Manelski will handle Jethwa's previous responsibilities
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Bank of America has poached a senior Goldman Sachs trading executive and is reshuffling leadership in its global markets division, the company announced on Thursday in an internal memo.
Carlos Fernandez-Aller, a Goldman partner who served as the Americas head of global currencies in addition to overseeing equities and fixed-income trading for the Latin America region, resigned from the investment bank this week and is joining Bank of America, according to an internal memo viewed by Business Insider and multiple sources familiar with matter.
Fernandez-Aller will join the firm as cohead of the foreign exchange business alongside Denis Manelski, according to the internal memo from markets heads Jim DeMare, Fab Gallo, and Bernie Mensah.
Additionally, Mayur Jethwa, currently head of European FICC trading, is taking on a new role in equities as head of the Global Equity Cash business. As part of his role, he will focus on "platform enhancements including increasing investments in quantitative capabilities," according to the memo.
Manelski will take over Jethwa's role heading up FICC trading in Europe, the Middle East, and Africa, in addition to coheading FX with Fernandez-Aller and running global financing and futures.
Bank of America declined to comment. Goldman Sachs did not immediately respond to requests for comment.
This story is developing.
