Andrew Kresse, principal in structured credit products at Banc of America Securities in New York, has jumped to Barclays Capital for a similar role. At BofA, Kresse headed the sales activity of structured products to financial institutions. In his new role Kresse will head all structured credit sales, according to officials.
Kresse's will likely report to Vince Balducci, global head of risk finance, or John Stathis, head of sales and research for the Americas. Neither returned calls.
At BofA, Kresse reported to Michael McLaughlin, managing director and head of marketing and origination for global structured products at BofA in Charlotte, N.C., who declined comment.