Jeevan William, principal and Asia head of global derivatives products at Bank of America in Hong Kong, recently started a three-month leave of absence. Juan Pablo Bertotto, v.p. in global derivatives products in Hong Kong, said he has assumed responsibilities for the Hong Kong desk while marketers elsewhere in the region will now report directly to London.
However, some market officials believe this could be permanent. A trader on the desk said, "I have no idea if or when he's coming back." Another market official said, "It's unlikely that he'll return to the bank--this gives him an opportunity for a change."
William reported to Götz Eggelhöfer, managing director and Asia head of global markets in Singapore. Eggelhöfer and William could not be reached for comment.