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BofA’s Fixed-Income Trading Co-Head Seebacher Said to Leave

Gerhard Seebacher, co-head of global fixed-income, currency and commodities trading at Bank of America Corp., is leaving after 18 years at the firm, said two people briefed on the matter.

Seebacher led the business with David Sobotka, who will remain as sole head of the unit, according to the people, who asked not to be identified because the change hasn’t been announced publicly. Seebacher will retire at the end of this month “to pursue other opportunities in the industry as it continues to evolve,” co-Chief Operating Officer Thomas K. Montag said today in a staff memo obtained by Bloomberg News.