Banc of America Securities has hired Ben Wilkinson, head of the equity derivatives group at AIG Financial Products in Greenwich, Conn., as a managing director in its equity derivatives group, according to a firm official. Wilkinson, who joined the firm about a three weeks ago, likely replaces one of the four managing directors who left in March (DW, 3/3). Dmitry Genkin, equity derivatives trader at AIG, has also joined the firm. He reports to J.P. LeCourt, global head of equity derivatives trading. Market officials said Wilkinson and Genkin joined separately.
Wilkinson reports to Jonathan Sandelman, managing director and global head of equity financial products. Sandelman did not return calls. Wilkinson and an AIG spokesman declined comment.
Separately, Michael Linn, a v.p. in equity derivatives trading in New York, has resigned. Linn left his position in the trading group on Thursday, according to a firm official. He reported to LeCourt, who did not return calls.
