Bank of America is parting company with its head of investment-grade bond trading in the wake of $2.3bn (€1.5bn) losses in its corporate and investment bank, suffered as a result of the credit crisis.

Bloomberg reports that Michael Meyer has resigned as head of investment-grade bond trading and will be replaced by Masaya Okoshi, a managing director who was previously  head of US high-grade corporate bond trading, having joined Bank of America from UBS in 2002.

Fareed Sahloul

Bank of America

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Bond trading chief exits Bank of America

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