All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group
Derivatives

BofA Cuts Fleet FX Desk

Bank of America has let go the Boston-based foreign exchange options trading desk at FleetBoston Financial in the wake of its recently completed acquisition of the Bean Town firm.

Bank of America has let go the Boston-based foreign exchange options trading desk at FleetBoston Financial in the wake of its recently completed acquisition of the Bean Town firm. Fleet had a handful of traders in Boston, led by Suresh Krishnaswamy, according to officials. He could not be reached.

In Asia, meanwhile, John Poh, a foreign exchange trader at Fleet in Hong Kong, has been transferred to BofA's Singapore-based desk. Poh confirmed the move, but declined further comment. Eloise Hale, spokeswoman at BofA in Charlotte, N.C., declined to comment on individuals or groups affected by lay offs. The firm has announced a total of 12,500 jobs will be cut over the next two years, she said.

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree