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FOREIGN EXCHANGE

People moves: Out and in at Merrill Lynch?

As Primal Scream might have sung: “Dealers keep dealing, Merrill keeps hiring, the door keeps spinning, the bonus pool is dwindling.” Yep, it’s another week and another in and out at Bank of America Merrill Lynch. Hurtling out through the spinning door is Colin George, who did USD/JPY options in Hong Kong. Possibly rushing in is Ben Rosswick, who left his position as EUR/USD option trader at Deutsche London this week. Hiring at this time of year is always expensive, so quite what the impact is on the BofA Merrill bonus pool for those people who have been there for some time can only be imagined. I’ll wager it isn’t positive.

 


Bank of America/Merrill Lynch people moves

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