Bank of America expands global proprietary trading

PEOPLE NEWS

LONDON -- Bank of America has named Lawrence Barwick as global head of proprietary FX trading, based in London.

The appointment is part of a build-up of global prop trading -- the latest stage in the bank’s wholesale expansion of foreign exchange, Larry Baum, global head of spot, forward and proprietary trading, told FX Week.

Baum said Berwick, who previously managed a model trading business at BoA in London, was an obvious choice for the post, which has been empty since Mark Brown left Bank of

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