Banc of America has scooped a Treasury trader from Lehman Brothers. BofA has hired Scott Beck, a five-year Treasury trader at Lehman, as an intermediate Treasury trader, according to an official at the firm. Beck reports to J.P. Marra, who recently took over as BofA's head of Treasury and agency trading (BW, 2/21). Marra confirmed the new hire but declined further comment.
At Lehman, Beck reported to Jerry Rizzieri, who took over as co-head of Treasury and agency trading after Marra left. Rizzieri declined comment. Beck was on vacation as of press time and could not be reached.