Trading positions - April 2011

Trading positions - April 2011

people-outline

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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