BofA names global head of forex trading

Bank of America (BofA) has hired Larry Baum to manage its global spot, forwards and proprietary foreign exchange trading business. The post has been vacant since December, when Richard Breslow, former global head of forex trading, left after more than five years at the bank.

Baum starts at BofA’s New York office in mid-March, and will report to Beau Cummins, global head of forex, also based in New York. Baum was formerly head of foreign exchange trading for Barclays Capital in New York, and has not yet been replaced since resigning last Thursday (February 28).

Meanwhile, Ivan Ritossa starts at Barclays Capital in London on March 4 as global head of foreign exchange. He was formerly co-head of global forex at Lehman Brothers in London.

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