Bank of America has scooped up Michael Nitka, a director and loan trader in Société Générale's SG Corporate & Investment Banking unit. Nitka is likely to begin this week and will fill the role of a sourcer and salesman on B of A's distressed desk. Nitka resigned from SG last week. He had reported to Neil Parekh, head of credit sales, trading and research at SG. Nitka could not be reached. Officials from B of A and SG declined comment. Richard Bliss, who was Nitka's deputy head of loan trading, will fill the vacant spot on SG's loan desk, according to an SG spokesman. He will also report to Parekh. Bliss declined comment.
B of A Hires Nitka; Bliss Fills Vacancy