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Derivatives

BofA Structured Credit Trader Quits

Nabeel Naqui, senior trader in structured credit products at Bank of America in London, has left the firm.

Nabeel Naqui, senior trader in structured credit products at Bank of America in London, has left the firm. He is thought to be joining Toronto Dominion as head of European structured trading. Andrew Torres, global head of structured products at TD in London, and Dan Caldwell, head of credit derivatives trading at BofA, declined comment.


The move comes hot on the heels of TD's coup in hiring Philippe Hatstadt, head of structured credit derivatives trading at Merrill Lynch in New York, as global head of credit structuring in London (DW, 2/22).

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