BofA Said to Hire Corporate-Bond Trader Klein From Credit Suisse

Bank of America Corp., the second-biggest U.S. bank by assets, hired investment-grade bond trader Jon Klein from Credit Suisse Group AG, according to two people with knowledge of the move.

Klein will join as a managing director, said the people, who asked not to be identified because it hasn’t been announced publicly. Klein didn’t respond to messages left on his mobile phone. Kerrie McHugh, a Bank of America spokeswoman, and Drew Benson, a Credit Suisse spokesman, declined to comment.

Bank of America has been the second-biggest manager of investment-grade bond sales in the U.S. since the beginning of 2009, when it bought Merrill Lynch & Co., according to data compiled by Bloomberg. Credit Suisse was 10th most-active underwriter of the notes last year, from eighth four years earlier, the data show.

Klein departed Credit Suisse after almost six years at Switzerland’s second-biggest bank, before which he worked at Bear Stearns & Co. Inc., according to Financial Industry Regulatory Authority records.

To contact the reporter on this story: Lisa Abramowicz in New York at labramowicz@bloomberg.net

To contact the editors responsible for this story: Shannon D. Harrington at sharrington6@bloomberg.net John Parry

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.