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People: BAML appoints co-heads of global Ficc trading

Michele Foresti officially resigns from role after failing to receive regulatory approval

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Bank of America Merrill Lynch (BAML) has named James DeMare and Bernard Mensah as co-head of global fixed income, currencies and commodities (Ficc) trading. The duo, who both report to Tom Montag, chief operating officer, replace David Sobotka, who is retiring.

DeMare, based in New York, joined the bank in 2008, and moves from his role as head of global securitised products and real estate portfolio management. London-based Mensah has been promoted from his role as head of Ficc trading for

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