Bank of America U.S. Interest-Rate Strategist Misra Departs

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Bank of America Corp.’s Priya Misra has left the company, according to a memo obtained by Bloomberg.

Shyam Rajan, a member of the rates team for the past six years, was named the head of U.S. rates strategy, according to the memo, whose contents were confirmed by Selena Morris, a Bank of America spokeswoman. Rajan reports to Ralf Preusser, who was named the global head of rates strategy, according to the memo.

Misra served as head of U.S. rates strategy in New York, where she reported to David Woo, head of global rates and currencies. Misra had been at the bank for the past five years and previously worked as a strategist at Lehman Brothers Holdings Inc. and Barclays Capital Inc.

Misra was named as part of teams ranking among the three best in four categories last year in Institutional Investor magazine’s annual poll, including second in fixed-income strategy.

Misra declined to comment.

Bank of America is one of the 22 primary dealers that trade with the Federal Reserve.