Chris Rekow, an investment-grade telecom trader, has left Banc of America Securities in Charlotte to join UBS Warburg in Stamford, Conn. as a v.p. He will back up Mike Morris, the lead telecom trader on the desk, and report to Mike Meyer, head of investment-grade trading at UBSW, says a firm official. The official says the hire is part of an effort to beef up the trading desk. Over the last three months, the firm hired Eric Jayaweera andPaul Savini, a retail trader who came up through UBSW's training program. Meyer and Rekow could not be reached.
At B of A, Rekow reported to Steve Gallagher, head of corporate bond trading. He did not return calls, and it could not be determined whether the firm is seeking or has found a replacement.