Banks make changes to rates teams

Ralf Preusser has joined Bank of America Merrill Lynch as head of European rates research. He was previously co-head of European rates research at Deutsche Bank. In his new role, based in London, Preusser will cover the developed European government bond markets and rates derivatives, reporting to Adam Quinton, the head of global macro research.

Meanwhile, Royal Bank of Scotland has rearranged its rates team following the departure of Steve Ashley, the head of global delta trading since 2005. Jezri Mohideen, the London-based global head of inflation trading, will take charge of the rates business in Europe, the Middle East and Africa (EMEA), reporting to Michael Lyublinsky and Peter Rading, the co-heads of a revamped fixed-income business.

Chris Fleming, the head of EMEA flow sales, has also left the bank – his place will be taken by the former co-head of credit sales, Emmanuel Delattre, with Paul Gilbert taking charge of EMEA flow rates sales. Both Ashley and Fleming are believed to have joined Nomura.

Credit Suisse has appointed Jon Kinol as global head of interest rate products. Based in New York, Kinol will take up the newly created position in May, overseeing the Swiss bank’s global interest rates activities, and will report to the heads of global securities, Gaël de Boissard and Tony Ehinger.

Kinol leaves Deutsche Bank after 18 years, where most recently he held the position of head of rates in North America. Before that he was global head of Deutsche Bank’s fixed-income algorithmic business and its fixed-income proprietary trading team.