BoA makes London rates hire

Bank of America (BoA) has hired Nicholas Dechosal, former head of derivatives, short-term interest rates and forwards trading at Rabobank Utrecht, in London.

He joined as a manager on the foreign exchange and interest rate trading desk, and reports to New York-based Vincent DeLorenzo, head of short-term interest rate trading.

A bank official in New York said Dechosal was hired to help grow Bank of America’s integrated short-term interest rate derivatives and forward foreign exchange business. Rabobank declined to comment on Dechosal’s replacement.

Dechosal’s appointment follows Steve Nutland’s transfer to London from the New York office as head of the spot desk.