Trading positions - April 2011
BAML cuts about 15 from commodities business headcount
Approximately 15 people from Bank of America Merrill Lynch's (BAML's) commodities business have been made redundant, including the co-head of global oil trading Mitch Rubenstein, and managing director of commodities for the Asia Pacific region Diego Parilla.
Thomas Andersen, who has been the other co-head of global crude since the third quarter of 2010, will become the sole head of global crude.
The bank issued a statement saying it was
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