Banc of America Securities has hired two structured credit sales directors in its New York office. Sean Rice, director in credit structuring and marketing at BNP Paribas in New York, has joined with responsibility for financial institutions and hedge funds, while Justin Dash, who joined from Morgan Stanley, is responsible for sales to asset management firms as well as syndicating newly issued credit transactions, according to Jeff Hershberger, spokesman in Charlotte, N.C.
Rice and Dash report to Michael McLaughlin, head of global structured products marketing and origination, who did not return calls.
At BNP Rice reported toMark Alexandridis, head of integrated credit trading and structuring, said Denise Papas, spokeswoman in New York. The French firm has not yet determined whether Rice will be replaced, Papas added. Mark Lake, spokesman at Morgan Stanley in New York, declined comment.
