BoA bolsters rates team with Morgan Stanley duo

Bank of America has hired two senior interest rate traders from rival Morgan Stanley, as it seeks to bolster its trading and rates teams across Europe, the Middle East and Africa (EMEA). Tim Yip started in March, and was joined by Ferruccio Ferrara in mid-April. Both are based in London.

Yip joins as global head of rates trading for exotics and hybrids at the bank after a stint at Morgan Stanley, where he was responsible for running hybrid rates and long-dated exotic forex. At BoA he reports to

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