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Derivatives

BofA Nabs UBS Hedge Funds Director

Bank of America has hired Meri Miller, director in the global hedge funds group at UBS Warburg in New York, as a senior marketer in its global leverage group, a subsection of its global derivatives products group. At UBS Miller reported to Gary Kaufman, head of the rates and foreign exchange group in New York. Kaufman said UBS would look to replace Miller, but declined further comment.

Miller will start after Labor Day and report to Sandy Sloane, head of the global leverage group. Sloane's department deals with fixed-income derivatives, including asset swaps, interest-rate swap options and exotics. Miller is filling a new position created to give the group a global presence. BofA also has senior marketers already stationed in Chicago, Tokyo and London.

Sloane said Miller is a perfect fit for the position because she worked as an options trader during the first part of her career and then moved on to become a derivatives marketer. Miller was on vacation and could not be reached for comment.

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