BofA Forms Eastern European Local Currency Unit In London

BANKS

Bank of America (BofA) has hired Alan Douglas to head a newly created Eastern European local currency unit within the Global Capital Markets group in London, says Alexandra McLeod, head of global emerging markets trading in London.

Douglas joins the bank from HSBC Midland, where he ran the Central and Eastern Europe, Middle East and Africa local currency group. At BofA, Douglas reports jointly to McLeod and to Richard Breslow, head of US and European FX trading in New York.

Under Douglas, the new

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