Bank of America has promoted Benjamin Jacquard, head of hybrids and structured transactions credit trading in London, to global head of credit trading to replace Alex Bernand, who left for Deutsche Bank earlier this year (DW, 3/8). In addition, Sigurgeir Jonsson, a senior structured credit trader in London, has transferred to New York to skipper U.S. structured credit trading, replacing Mitch Levy in the role. Levy has moved to IXIS CIB to head structured credit trading. Both Jacquard and Jonsson report to Ben Wilkinson, managing director and global head of structured credit and equity financial products trading, who confirmed the moves.