Ideal Prediction Names CTO

Trading analysis and data science company, Ideal Prediction, has named Walter Bell as chief technology officer. Bell joins Ideal Prediction from Bank of America Merrill Lynch where he led an international team as the global head of rates e-trading quants. Prior to this, he managed technology teams in e-FX development, cross asset trading and global […]

Shterenberg Exits BAML

Sources familiar with the matter tell Profit & Loss that Alex Shterenberg, global head of FX algos at Bank of America Merrill Lynch in New York, has left the bank.
The sources say he is moving to another, as yet unnamed, sell side institution in a senior FX role.
Shterenberg joined BAML in May 2013 as head of FX e-commerce for the Americas before assuming his latest role. He joined from a six-year career at JP Morgan in New York, where he was head of FX algorithmic products. Prior to JP Morgan, Shterenberg had roles at Broadway Technologies and UBS.

BAML Makes Two Senior Hires

Bank of America Merril Lynch (BAML) has hired Justin Brill as its new global head of FX prime brokerage (FXPB) and Jeremy Lee as a relationship manager. Both will be based in New York.

Brill, who Profit & Loss understands will start at BAML on Tuesday, joins the bank from Cürex Group, where he was as managing director responsible for business development.

Prior to joining Cürex in 2016, Brill spent 12 years at Morgan Stanley, during which time he held a number of different roles, most recently working as executive director for listed derivatives and OTC clearing. As part of this role he was the global head of FXPB with cross-product management responsibilities in equity and fixed income futures.

Sada-Paz Exits BAML?

Market sources tell Profit & Loss that Mauricio Sada-Paz, EMEA head of e-FICC and global head of e-FX sales at Bank of America Merrill Lynch, has left the bank.
The sources say that he is joining Barclays in London as global head of e-FICC distribution.
Sada-Paz joined Bank of America in 2010 from Goldman Sachs, where he spent 10 years, in the FX business, culminating in him running the Iberian sales business.

BAML e-FX Head Leaves Bank

Market sources tell Profit & Loss that Liam Hudson has left his role as managing director and global head of FX e-commerce at Bank of America Merrill Lynch (BAML).
Hudson joined BAML in London as head of e-FX trading in February 2010 and took over the FX e-commerce offering generally four years ago.
Prior to joining BAML, Hudson was head of e-FX trading for the Americas at Barclays in New York as well as director of its algorithmic execution business.

BAML Launches Multicurrency Netting Tool

Bank of America Merrill Lynch (BAML) has announced that it has expanded its payments capabilities with the launch of a new multicurrency netting solution.
The bank says the new solution centralises inter-company payments, enabling large companies that operate across multiple borders to reduce both the number of payments and the total value of payments made between companies that regularly invoice one another.
Large corporations typically make hundreds of inter-company payments worth millions of dollars every month, the bank further adds.

Baldi Swaps BAML for UNTL

Joseph Baldi has resigned from his role as vice president, FX prime brokerage, at Bank of America Merrill Lynch (Baml) in New York and is set to join UNTL Capital.

Profit & Loss understands that Baldi will start in his new role on September 5, and will join as a director of discretionary FX trading. Based in New York, he will report into Grant Taylor, global head of discretionary FX trading at UNTL.

Baldi had been with Baml since 2010. Prior to that, he spent three years at Morgan Stanley.

Devereux Joins Nomura

Profit & Loss understands that Colin Devereux, former director and chief dealer of G10 spot FX at Bank of America Merrill Lynch, has joined Nomura in New York.
According to sources familiar with the matter, Devereux has joined as executive director and senior risk taker on Nomura’s FX desk.
Devereux left BAML in December 2016 after working there for four years, prior to which he was a director on the FX desk at BNP Paribas in London, having joined that bank from a six year stint at Citi in London. He has also worked at Brown Brothers Harriman and UBS on those institutions’ FX desks.

Burke, Johnson Leave BAML

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 brokerage, overseeing 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.

Baml Hires Maher to Head Americas e-Sales

Rob Maher has joined Bank of America Merrill Lynch (Baml) as managing director, head of electronic trading sales for the Americas.  Based in New York, this will be Maher’s first role since leaving his position as managing director, global head of electronic markets, at Nomura in February. Prior to joining Nomura in March 2014, Maher […]