People News: Bank of America


Bank of America’s head of fixed-income electronic sales, Robert Grillo, has left the company amid a round of job cuts across the investment bank, according to people with knowledge of the matter.

Bloomberg News reports that Grillo, 49, a managing director who led electronic sales since 2014 and previously was global head of rates sales out of London, was among about 150 people to be dismissed this week, said the people, who asked not to be identified discussing personnel matters. 

In the meantime, Bloomberg also reports that Arnaud Droitcourt, Bank of America’s head of Asia-Pacific equity trading, left the company as it cuts jobs to trim expenses, according to a person with knowledge of the matter.

Droitcourt, a Hong Kong-based managing director who oversaw both cash equity and equity derivatives trading, left Tuesday, said the person, who asked not to be identified because the departure hasn’t been announced. 

BofA's Head of Fixed-Income Electronic Sales Said to Depart

BofA Asia Equity-Trading Head Droitcourt Said to Leave Amid Cuts

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