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BofA Hires Star Trader

Bank of America has hired market veteran Franck Sylvain, a senior corporate bond trader at Morgan Stanley in London, as a senior trader on its European high-grade credit flow trading desk. John Brewer, head of the desk at BofA in London, said the move is part of the bank's on-going expansion into credit trading.

Brewer joined BofA last year to spearhead the effort and expects to make a couple more hires before year-end.

At Morgan Stanley, Sylvain reported to David Cohen, head of corporate bond trading in London, who said Sylvain will be replaced internally.

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