BAML replaces head of global rates

Gupta and Stanley named co-heads as Roberts exits

Bank of America Merrill Lynch has reshuffled the senior ranks of its fixed income operation.

Will Roberts left his post as the firm’s head of global rates and counterparty portfolio management in April and has been replaced with two co-heads: Kavi Gupta, who was previously head of liquid rates trading for the Americas; and Michael Stanley, formerly global head of derivative valuation adjustments and co-head of global non-linear trading.

Both will report to James DeMare and Bernard Mensah, co