Bank of America-Merrill Lynch has hired several senior-level employees from rival firms to its electronic trading and sales trading desks.
Asian Investor reported that the new hires will start their positions this summer as the U.S. bank’s trading desks are expanding to service hedge funds and long-only institutions.
Murat Atamer and David Broadfield will join BoA-Merrill from Credit Suisse as co-head of Asia-Pacific institutional electronic trading and head of North Asia institutional e-trading sales, respectively. Credit Suisse’s head of hedge fund sales trading for Asia ex-Japan Charlie Pratt will also join the investment giant’s sales trading team.
Additionally, Morgan Stanley’s Danny McLellan and JPMorgan’s Ed Peel are poised to join the banking giant in the next two months to focus on Japan institutional and hedge fund clients.
Oliver Thiriet, BoA-Merrill’s Asia Pacific head of equities, told Asian Investor that the bank “will be in a stronger position to deliver investment ideas, advisory and content to clients to help them implement their investment strategies in a region where sourcing liquidity remains a top concern for many investors.”