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

March 13 (Bloomberg) -- 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

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