Bank of America Hires Reoch and Davis; Continues to Expand Credit Derivatives Business.SAN FRANCISCO--(BUSINESS WIRE)--Sept. 4, 1997--BankAmerica continues to build its credit derivatives businesses with the addition of two new derivatives professionals in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden . Robert Reoch has joined Bank of America's Global Capital Markets Group to head its global credit derivatives effort, reporting to James Gill
James Gill is the lead guitarist for Amory and the former bass player for New Jersey post-hardcore band, Senses Fail. , managing director in the Financial Engineering and Risk Management unit. Richard Davis
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. . He will be working with Reoch to add further depth to the bank's credit derivatives team. Previously Reoch was global head of credit derivatives at Nomura International in London, responsible for building its credit derivatives business. He was previously at J.P. Morgan & Company, where he headed credit derivatives marketing in Europe. Reoch holds bachelor's and master's degrees from Cambridge University Cambridge University, at Cambridge, England, one of the oldest English-language universities in the world. Originating in the early 12th cent. (legend places its origin even earlier than that of Oxford Univ. . Davis joins Bank of America from Lehman Brothers in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , where he was vice president in Credit Derivatives and Bond Index Derivatives Trading. He managed the proprietary bond portfolio and also designed the credit derivatives trading and risk management system. Davis holds a bachelor's degree in Physics from the University of Washington and a doctorate from Stanford University. "We're very excited to add Rob and Rick to our fast- growing derivatives team," said David Blatchford, global head of Financial Engineering and Risk Management for Bank of America. "We'll continue to offer our global clients a broad and expanding array of risk management products as part of our entire banking relationship." In the last few months, Bank of America, in the U.S., has announced the addition of Dick Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. (interest rate trading), Mark Munoz (equity derivatives) and Sai See Statement of Additional Information. Raman (structured pension products) and commodity derivatives experts David Mooney, David Chang and Ron Neal to its derivatives team. In addition, the strategic alliance announced in March with D.E. Shaw & Co. expanded Bank of America's equity derivatives activities globally, including convertible bonds and warrants origination and trading. Bank of America ranked first for Derivatives dealers in the annual Treasury & Risk Management survey of corporate America. Bank of America NT&SA is a subsidiary of San Francisco-based BankAmerica Corporation, the nation's third largest bank holding company, with assets of $258 billion. With offices in 37 countries throughout the world, BankAmerica provides a wide variety of retail and wholesale banking products and services to consumers and corporate clients. CONTACT: Bank of America Susan Stanley, 415/622-4449 (San Francisco) Susan Grice, 0171-634-4770 (London) |
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