Ex-BofA High-Yield Strategist Melentyev to Join Deutsche Bank

Oleg Melentyev, who is departing Bank of America Corp. (BAC), will join Frankfurt-based Deutsche Bank AG as head of U.S. credit strategy in New York.

Melentyev will report to Dominic Konstam, global head of rates research, according to an e-mailed statement today.

“Oleg will play a critical role in supporting Deutsche Bank’s U.S. credit research, supporting our ongoing commitment to the sector,” Konstam said in the statement. “Oleg is well-versed in macroeconomic issues and bottom-up credit analysis, making him the perfect candidate for this role.”

Melentyev didn’t immediately return a telephone message seeking comment. He joined Merrill Lynch & Co. in 2001, according to records from the Financial Industry Regulatory Authority. Bank of America, the second-biggest U.S. lender by assets, bought Merrill Lynch in 2009. Michelle Falkenstein, a spokeswoman for Charlotte, North Carolina-based Bank of America, confirmed the departure yesterday and declined to comment further.

JPMorgan Chase & Co. is the biggest U.S. bank by assets.

To contact the reporter on this story: Mary Childs in New York at mchilds5@bloomberg.net

To contact the editor responsible for this story: Alan Goldstein at agoldstein5@bloomberg.net

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