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People moves: Door still revolving at Bank of America/Merrill

Stability seems to be a characteristic of those banks that are at the top of the pile in FX. But it is a word that does not appear to be in the vocabulary of those running Bank of America/Merrill Lynch. The latest senior person to leave the firm is Vincent Delorenzo, head of FX sales for EMEA. Delorenzo was moved across to sales from his role in short-term interest rate trading following the banks' merger, so he was always going to have a tough time. But he hardly had a chance to get his seat warm before he was getting ready to pack his bags at the bank's Newgate Street building in London. A BofA spokesperson confirmed his position has been put at risk of redundancy. Sources say that as the turmoil continues at BofA, he's unlikely to be the last.

Global heads at Merrill over the last decade

October 2006

FX people moves: Changes at BoA continue

February 2008

More on Merrill Lynch

More on Bank of America

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