Bob Burke, managing
director, FICC futures, and Michael Johnson, director, FICC futures, have both
left Bank of America Merrill Lynch (BAML) in New York, a spokesperson confirms.
As of recently,
Burke’s responsibilities included heading global OTC clearing and FX prime
agent clearing services for OTC derivatives for institutional clients.
Prior to this, Burke was co-head of the firm’s global
futures and derivatives clearing services group. Burke also previously ran
credit hedge fund sales for BAML. He has also worked in the firm’s private
equity group, raising capital for LBO and venture capital funds, and started
his career in the US municipal derivatives sales business.
Burke is currently
a member of the National Futures Association’s Board of Directors, serving as
one of its swap dealer/major
swap participant representatives.
Prior to joining BAML in 1994, Burke was the producing sales
manager for the public securities group of financier and former US Secretary of
the Treasury, William Simon.
believed to have spent as much as 30 years at Merrill Lynch, but had been out
of the market for some time before joining the BAML FX team. However, this
could not be confirmed by press time.
spokesperson says no replacements have yet been named.