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Derivatives

BofA Hires Fitch Head

Bank of America has hired Andrew Jackson, head of credit derivatives at Fitch Ratings in London. He will report to Hans-Jurg Lips, managing director in global structured products, who declined comment.

At Fitch, Huxley Somerville, managing director and head of structured finance in Sydney, is replacing Jackson. Both Jackson and Somerville reported to Ken Gill, head of CDOs in London.

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