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Wednesday, March 30, 2011

BofA (BAC) Poaches Senior Swaps Trader from Goldman (GS)

Bank of America (NYSE:BAC) has hired Craig Reynolds, a senior swaps trader from Goldman Sachs (NYSE:GS), away from the company.

The giant bank announced in an internal email that Reynolds was now part of their team, and will run U.S. rates trading for them.

Those aware of the situation said Peter Antico, Bank of America’s previous head of rates, will now head up the G-10 currency trading for the bank. And Chris Hodson, who had been running swaps trading in America, will now oversee the rates business for Europe, the Middle East, and Africa out of London. These were also part of the email message sent by BofA management.

Bank of America closed Tuesday at $13.35, falling $0.02, or 0.15 percent.

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