BofA Said to Join Citigroup in Naming Rate-Trading Heads
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Bank of America Corp. and Citigroup Inc., the second and third biggest U.S. lenders, selected new managers to help run the firms’ rates-trading desks.
Bank of America is hiring Barclays Plc’s co-heads of Treasury trading, Charles Parkhurst and Adam Brown, for positions reporting to co-heads of North America Rates Trading Denis Manelski and David Moore, said a person with knowledge of the moves. At New York-based Citigroup, Roland Wikstrom will replace Nicholas Brophy as U.S. head of G-10 rates trading, according to Danielle Romero-Apsilos, a bank spokeswoman.