Bank of America’s Quintin to Follow Merrill CDOs to Lone Star
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Lone Star Funds, the investment firm that bought $31 billion of mortgage-backed securities from Merrill Lynch & Co. for 22 cents on the dollar, hired the Merrill trader who negotiated the deal, Donald Quintin.
Quintin, 37, who became Bank of America Corp.’s head of distressed structured-debt trading after the lender bought Merrill in early 2009, will join Lone Star in early August, said Ed Trissel, a spokesman for the Dallas-based firm. Quintin will be based in London, Trissel said.