Alex Bernand, managing director and head of structured credit trading at Bank of America in London, has quit the firm. Credit officials have connected him with a role at Deutsche Bank where he is expected to fill the position left by Mark Stainton, former managing director and global head of credit correlation trading, who jumped to Chicago's Citadel Investment Group in November (DW, 11/28).
Bernand could not be reached, but Liz Wood, spokeswoman at BofA in London, confirmed his departure, adding the firm will name a replacement shortly. Bernand reported to Ben Wilkinson, head of equity and financial products trading, who did not respond to messages left on his phone by press time. Anna Watson, spokeswoman at Deutsche Bank in London, declined all comment on Bernand joining the German firm.
