Bank of America has strengthened its year-old European Interest Rate Trading Group with two new hires from Merrill Lynch in London. The division was established in anticipation of the introduction of the single European currency, and covers debt and derivative products in both European and internatioal mature market currencies, along the entire range of the interest rate curve.
Vincenzo Treggiari was named head of government bond trading, while Frederic Crouzier was named as senior bond trader. The two joined the bank on July 12, and report to Claudio Zampa, head of European interest rate trading.
At Merrill, Treggiari ran the Southern Europe and Scandinavian tradig desk, and previously worked for Deutsche Bank and Banca Commerciale Italiana. Crouzier covered the French, Dutch, Belgan and Scandi government bod markets.
“These appointments reflect Bank of America’s stratey to centralise European interest rate trading activities in London, and to distribute from selected regional centres,” says a statement.