BofA hires Goldman swaps chief for US, Canada role

* BofA hires Goldman’s swaps trading head

* Craig Reynolds will join bank in August

CHARLOTTE, N.C., March 30 (Reuters) – Bank of America Corp
(BAC.N: Quote, Profile, Research) has hired a Goldman Sachs Group Inc (GS.N: Quote, Profile, Research) executive to
run its North American rates trading business, according to a
company memo obtained by Reuters on Wednesday.

Craig Reynolds will join BofA in August as a managing
director and will be responsible for trading all rates-related
financial instruments in the United States and Canada,
according to the memo released to employees on Tuesday.

Reynolds had been head of swaps trading at Goldman Sachs
since 2009. Prior to that, he worked as a portfolio manager at
Soros Fund Management.

Reynolds will report to David Gu, BofA’s head of global
rates and currencies, based in London.

BofA is also moving two existing executives to new roles.

Peter Antico will become head of BofA’s global G10 currency
trading business and will remain in New York.

Chris Hodson will relocate to London to become head of the
bank’s Europe, Middle East and Africa rates trading operation.
(Reporting by Joe Rauch, editing by Gerald E. McCormick)

BofA hires Goldman swaps chief for US, Canada role