People News: Bank of America, Barclays, IMC, UBS.

Bank Of America Building

Bank of America General Counsel Gary Lynch, who was named vice chairman this week as part of a broad management shake-up, will step down as the company’s chief lawyer after a replacement is found.

Bloomberg News reports that Lynch, who turns 65 on Saturday, will continue to serve as vice chairman, according to a person briefed on the decision, who asked not to be identified discussing personnel matters. The search for a new general counsel started several months ago, the person said Friday.

In the meantime, Bloomberg also reports that Larry Kantor, managing director and head of research at Barclays, will retire from the bank at the end of the month. Jeffrey Meli and Jon Scoffin will take over his role.

Kantor, the 62-year-old former Federal Reserve economist who has spent more than 12 years at Barclays in New York, has accepted a position with the Harvard Advanced Leadership Initiative.

Finally, Bloomberg News reports that IMC Financial Markets has hired the head of sales at UBS’s dark pool as the Dutch high-frequency trading firm expands in America.

Sam Yudelovitch will join the automated trader as director of equity client services, said Scott Knudsen, managing director and head of trading at IMC Chicago. TD Ameritrade Holding’s Paul Jiganti is also joining the company with a focus on options trading, as Bloomberg reported yesterday.

BofA’s Gary Lynch Said to Be Stepping Down as Chief Lawyer

Barclays Head of Research Kantor to Retire at End of Month

UBS Dark Pool Executive Joins HFT Firm to Expand Stocks Business

JefferiesAnd the Best Place to Work in the global financial markets 2017 is...

Register for Financial Markets News Alerts