BoA hires two for European structured products group

Banc of America Securities has appointed Andrew Jackson as a European structurer in its global structured products group, with responsibility for originating and structuring pooled and single-name structured credit products.

Jackson, who will report to Edward Charles, head of European structuring for the bank's global structured products group, previously spent two years at Fitch Ratings, most recently as a senior director of credit derivatives focusing on structured credit products. In this position he headed a team rating first-to-default, managed and static synthetic collateralised debt obligations (CDOs) of corporates, CDO-squared products and CDOs of asset-backed securities. He was responsible for all European rating actions and assignments for arbitrage synthetic CDOs.

Banc of America has also hired Afif Baccouche as a junior structured credit trader. He will report to Alex Bernand, global head of structured credit trading for global structured products, and be responsible for trading correlation products and developing the bank's credit hybrid business.

Baccouche previously worked as a quant in Citigroup’s credit derivatives unit, where he modelled and risk managed CDOs and CDO-squared transactions. Prior to this, he spent a year at Summit Systems as a credit derivatives analyst.