Robert McKnew, Bank of America’s managing director, deputy head of Global Markets and global head of FX, retired from the bank on 5 February after 10 years with the bank. His retirement follows the recent restructuring within the bank to align risk management businesses under a new global risk management division, which includes global derivative products and structured credit products, as well as FX. McKnew was based in San Francisco.
London-based William Fall has been named head of Global Risk Management, and therefore assumes responsibility for global FX as part of his brief.
Fall previously had joint responsibility for heading Global Markets in the EMEA region, as well as global derivative products.
McKnew joined BofA in 1991 from Chemical Bank. He was named head of FX when the bank globalised its FX and derivatives business in mid-1996. At the time, he added responsibility for FX to his existing duties as head of the bank’s trading and sales activities in the US.