Barclays Capital has signed up Lee Richardson, a director in credit-default swap trading at Bank of America in London. Reached on his cell, Richardson declined comment. Officials said he will be joining as a director reporting to Kai Seeger, European head of CDS flow trading in London. Seeger referred calls to spokesman Kerry Kennedy, who did not comment by press time.
At BofA, Richardson reported to Charlie Cho, managing director and head of European credit-spread trading, who declined comment. Richardson is a well-regarded trader, according to market officials.
