People News: Bank of America, JPMorgan, UBS

Bank of America’s head of U.S. equity-research sales, Tim Reilly, has left the firm as it pares jobs across the investment bank this week, according to people with knowledge of the matter.

Bloomberg News reports that Reilly, a managing director in New York, departed this week as part of the dismissal of about 150 staff, said the people, who asked not to be identified because the moves haven’t been announced publicly. Alan Davies and Hugo Hamilton-Shaw, equity salesmen in London, were among the managing directors who left, the people said.

In the meantime, Bloomberg also reports that JPMorgan trader Roy Aviner left the bank earlier this month and plans to join BlueCrest Capital Management, according to a person with knowledge of the matter.

Aviner, who traded interest-rate swaps at JPMorgan, will join BlueCrest later this year, the person said, asking not to be identified because he’s not authorized to speak on the matter. BlueCrest spokesman Ed Orlebar and a JPMorgan spokesman in London declined to comment. Aviner didn’t respond to an e-mail and a telephone call seeking comment.

Finally, Bloomberg reports that UBS hired Bridgewater Associates’ Lynn Challenger to a trading role at the bank’s asset-management unit that combined operations.

Challenger joined as head of trading for equities, multi asset & O’Connor, according to a company memo.

Dawn Fitzpatrick is bolstering staff after being named late last year to lead a new unit that combines the UBS O’Connor hedge-fund business with the equities and multi-asset investing operations. Challenger joined Monday and reports to Fitzpatrick. He is based in New York.

BofA U.S. Equity-Research Sales Head Reilly Said to Depart

JPMorgan Trader Aviner Said to Leave for BlueCrest in London

UBS Hires Bridgewater's Challenger for Equity, O'Connor Trading

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