Bank of America Merrill Lynch has appointed Peter Klein as global head of foreign exchange prime brokerage, according to an internal memo seen by Profit & Loss.
Klein is based in London and started at the bank last month. He reports to Peter Johnson, who joined the bank on 31 October as global head of futures and OTC clearing, based in Chicago. Both Klein and Johnson worked at JP Morgan.
“To ensure close coordination with the global FX sales and trading businesses, Peter Klein will also have additional reporting lines into Chris Bae, co-head of global FX trading, and Kevin Connors, global head of FX sales,” the memo says. A spokesperson for BAML confirmed the content of the memo.
At JP Morgan, Klein was global head of FX prime brokerage, a position he left earlier this year. He joined JP Morgan in the summer of 2009 from Arbela Investment Management, where he was chief operating officer. Before Arbela, he was head of Saxo Bank in London.
Klein joined Saxo in 2005 to help establish its London office. Before that he was head of FX sales, Europe at Commonwealth Bank of Australia UK and worked for eight years at EBS in senior sales positions in Sweden, the UK and Australia.
…BAML Hires for Structured Rates and Currencies
David Moore has joined Bank of America Merrill Lynch as global head of structured rates and currencies. He will be responsible for all complex interest rate and FX options, global exotics, inflation trading and structured notes. Based in New York, Moore reports to Gerhard Seebacher, head of global rates, foreign exchange and structured credit trading.
Moore previously worked at Morgan Stanley, where he held several senior roles over a 20-year career. Most recently he was global head of structured rates and a member of MS’s management committee.