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- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
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- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
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- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
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BofA Prime Brokerage Head Quits
July 25, 2012
[ by Howard Haykin ]
The head of Bank of America Merrill Lynch's U.S. brokerage service that introduces hedge funds to new investors is reportedly leaving the bank for a position at a hedge fund. An internal memo obtained by Reuters said that Justin Fredericks was leaving “to pursue other opportunities" but did not disclose what they were. However, a source close to the situation told Reuters that Mr. Fredericks will be working for an unnamed hedge fund.
Elizabeth Hammond will replace Mr. Fredericks as head of the U.S. Capital Strategy team, which is part of Bank of America's prime brokerage business, effective immediately. [HedgeFund.Net, 7/24/12]
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