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BofA Strengthens Derivative Product Sales

Bank of America has added four sales positions to its Global Derivative Products group in London. Three of the new hires come from JP Morgan Chase, including Peter Paul Wuenscher, Julian Tams and Razvan Frumosu.

Wuenscher joins as head of Northern European fixed income and fixed income derivative sales, reporting to Gerhard Seebacher, global head of derivative sales. At JPMorgan he was head of German derivative sales and the flow product group.

Tams will cover European corporate clients, reporting to Eric Nobileau, head of GDP corporate marketing. He had previously been a vice president in JPMorgan’s UK derivatives marketing group.

Frumosu will cover Eastern European clients, reporting to Heinz Peter Stohl, head of GDP sales for Austria and Eastern Europe. At JPMorgan, he worked in the Geneva-based private client group where his focus was on alternative investments and, earlier, in the emerging markets derivatives team.

Additionally, Luca Vari has joined to cover Italian financial institutions. He was a vice president with Profilo and reports to Luigi Grasso, head of GDP in Southern Europe.

This strengthening of GDP sales forms part of a wider expansion of the bank’s Global Markets capabilities in Europe. “The hires reflect the bank’s continued focus on providing European clients with the derivatives solutions they seek. They further strengthen our capacity to support institutions and corporations in specific countries,” says Seebacher.

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