Bank of America has hired two senior interest rate traders from rival Morgan Stanley, as it seeks to bolster its trading and rates teams across Europe, Middle East and Africa (EMEA). Tim Yip started last month, and was joined by Ferruccio Ferrara last week. Both will be based in London.Yip joins as global head of rates trading for exotics and hybrids at the bank after a stint at Morgan Stanley, where he was responsible for running the company’s hybrid rates and long-dated exotic forex business. He will report to Alastair Hollingdale, head of EMEA rates trading.Ferrara joins as head of rates sales for EMEA and Asia, after two years at Morgan Stanley as head of European rates sales. He will report locally to Brian Heyworth, head of global markets sales for EMEA and Asia, and globally to head of liquid product institutional sales Jeffrey Pagano and Gerhard Seebacher, who is head of global rates. A spokesperson at the bank said both posts were new additions.
More on People
Michele Foresti officially resigns from role after failing to receive regulatory approval
James Coulson joins Swiss bank after 18 years at SocGen
Job changes in the derivatives, regulation and risk industry throughout Asia
Hoodless and Madaras among those suspended
Sign up for Risk.net email alerts
Sponsored video: Tradeweb
Multifonds talks to Custody Risk on being nominated for the Post-Trade Technology Vendor of the Year at the Custody Risk Awards 2014
Sponsored webinar: IBM Risk Analytics
Nominated for two technology awards
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.