Bank of America loses credit correlation trading head

Bernand told RiskNews he is currently waiting out his 'gardening leave' period. But he plans to join Deutsche Bank, where he is expected to be named global head of the German bank's correlation and cash collateralised debt obligation (CDO) business within its London structured credit unit.

Spokespersons at both Bank of America and Deutsche Bank declined to comment on the matter. But one source close to Bank of America said senior CDO specialists there were “jostling for position” and a decision about Bernand’s replacement could be made this week.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here