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Foreign Exchange

FX people moves: Who's on his bike from Merrill?

Bank of America is continuing the build up of its FX business with the hire of Nick Paulson, a dollar/yen spot trader, who is joining the bank from Merrill Lynch. He is apparently the 20th hire the bank has made this year.

I sold Nick a nice bike a couple of years back, which I delivered. Unfortunately, for Nick, the jobsworths on the door at Merrill wouldn’t let him take it in to the building, leaving him with a bit of a dilemma. If he’d left it outside unlocked, it would have disappeared within minutes. Being an enterprising chap, Nick hailed a taxi, put the bike in the back and told the driver to take it back to his house in Essex.

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