People News: Bank of America, Barclays

Barclays Eagle

Bank of America has hired Mark Cabana from the Federal Reserve Bank of New York to head U.S. short rates strategy, according to a company memo obtained by Bloomberg.

Bloomberg News reports that Melissa Anchan, a spokeswoman at Bank of America, confirmed the contents of the memo. Cabana, 36, started Monday in New York and reports to Ralf Preusser, global head of rates strategy.

In the meantime, Bloomberg reports that Chris McReynolds, head of U.S. Treasuries trading at Barclays, has left the bank, according to a person with knowledge of the move who requested anonymity to discuss personnel matters.

McReynolds, who was based in New York, had overseen Treasuries trading at Barclays since 2013 and joined the company in 1999 from Dresdner Kleinwort Benson. 

Bank of America Hires Cabana From N.Y. Fed for Rates Strategy

Barclays Head of Treasury Trading McReynolds Said to Leave

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts