People moves: BofA/Merrill hires more in options
Buzz in the market is that Bank of America/Merrill Lynch is continuing to hire for its FX option team. It is meant to have lured Chris Bae from Goldman Sachs in Asia, where he traded equity derivatives. Which hardly makes him a face in FX, but banks work in mysterious ways. There’s no comment from BofA/Merrill, possibly because it has yet to inform its existing team. I asked Goldman, but they said: “No comment”. But then I wasn’t likely to get a much of a response when there’s apparently been an outbreak of swine flu at the behemoth of Fleet Street.