Zach Barratt, a high-yield debt trader at Bank of America, left the bank to join Apollo Global Management’s credit business, according to two people with knowledge of the move.
Bloomberg News reports that Barratt, a managing director who worked five years at the bank, departed in the past week, according to one of the people, who asked not to be identified because it wasn’t publicly announced.
In the meantime Bloomberg also reports that Citigroup’s Ish McLaughlin, head of flow credit sales for North America, has been named to run investor sales in the region, replacing John Gallo, who left last month.
McLaughlin assumes the role immediately, according to a memo to employees Wednesday. McLaughlin will report to Suni Harford, head of markets for the region, and Jim O’Donnell, global sales head.