Bank of America has hired junk-bond trader Brian Zucker from Jefferies Group, according to people with knowledge of the matter.
Bloomberg News reports that Zucker, 49, will be a managing director at the bank, said the people, who asked not to be identified because the move hasn’t been announced publicly.
Separately, the head of high-yield sales at Jefferies, Stephen Sander, has left the firm, the people said.
Zucker joined Jefferies in 2013, and earlier worked at Barclays, Deutsche Bank and Goldman Sachs, according to records maintained by the Financial Industry Regulatory Authority.
In the meantime, Bloomberg News reports that Kym Arnone, a Barclays managing director who led the bank’s sales of bonds backed by money state and local governments receive from their legal settlement with cigarette makers, has left the company.
Mark Lane, a spokesman for Barclays, declined to comment further on the move by the banker, who is currently the chair of the Municipal Securities Rulemaking Board.
BofA Said to Hire Jefferies High-Yield Trader Zucker
Barclays's Kym Arnone, Head Banker on Tobacco Deals, Leaves Firm