People News: Bank of America, Jefferies, Morgan Stanley

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Francisco Rodriguez, the Bank of America analyst who investors relied on for insights into Venezuela’s finances amid a dearth of official data, left his job as the bank’s top economist for the Andes region.

Bloomberg News reports that a Venezuelan national, Rodriguez frequently wrote research notes on the South American country’s economy and led investment trips to Caracas and elsewhere in the region.

As Venezuela’s government reduced the availability of official data under President Nicolas Maduro and concern mounted the country was headed for default, Rodriguez became well known for his statistical series that tracked everything from inflation to imports.

In the meantime, Bloomberg also reports that Jefferies hired J.R. McDermott, Morgan Stanley’s former head of short-term municipal bond underwriting and trading and an 18-year veteran of the firm.

McDermott was hired as a managing director this week, according to his LinkedIn page. He previously led Morgan Stanley’s secondary trading and risk desks. He left Morgan Stanley in 2015.

Bank of America Venezuela Guru Francisco Rodriguez Leaving Bank

Jefferies Adds McDermott, 18-Year Morgan Stanley Muni Bond Vet

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