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.