SYDNEY, Jan 20 (Reuters) - Bank of America-Merrill Lynch has hired 10 staff from Royal Bank of Scotland to
boost its presence in Australian fixed income, foreign exchange
and commodities businesses, a source with knowledge of the matter
said on Wednesday.
Chris Thomas, who was the co-head of markets at RBS, would become the head of fixed income, currency and commodities at Bank of America/Merrill, the source said. Chris is expected to take his new position in three months, the source added.
The source declined to be identified as the information was not made public.
Bank of America/Merrill Lynch declined comment.
RBS confirmed a number of its staff across its fixed income markets division had left earlier on Wednesday, but declined to give details.
'It's not a team, just individuals from corporate sales, financial institutions and trading divisions' the RBS spokeswoman said.
'We have talent to draw upon and the departures will not impact on our capabilities to deliver for our clients,' she added.
(Reporting by Cecile Lefort; Editing by Denny Thomas)
((cecile.lefort@reuters.com; +612-9373-1234; Reuters Messaging: cecile.lefort.reuters.com@reuters.net)) Keywords: BOFA/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Chris Thomas, who was the co-head of markets at RBS, would become the head of fixed income, currency and commodities at Bank of America/Merrill, the source said. Chris is expected to take his new position in three months, the source added.
The source declined to be identified as the information was not made public.
Bank of America/Merrill Lynch declined comment.
RBS confirmed a number of its staff across its fixed income markets division had left earlier on Wednesday, but declined to give details.
'It's not a team, just individuals from corporate sales, financial institutions and trading divisions' the RBS spokeswoman said.
'We have talent to draw upon and the departures will not impact on our capabilities to deliver for our clients,' she added.
(Reporting by Cecile Lefort; Editing by Denny Thomas)
((cecile.lefort@reuters.com; +612-9373-1234; Reuters Messaging: cecile.lefort.reuters.com@reuters.net)) Keywords: BOFA/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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