BofA Rejigs Global Credit Trading Businesses To Boost Liquidity

EXCLUSIVE BofA Rejigs Global Credit Trading Businesses To Boost Liquidity Bank of America Corp. is combining its global credit macro, fixed income exchange-traded fund, and high-grade corporate bond trading businesses into a single platform as the Wall Street firm looks to streamline credit trading for clients and boost the liquidity it can offer. The new structure aligns the bank’s global credit macro and FICC ETF trading businesses with its existing US investment-grade trading and EMEA developed markets flow trading businesses, according to a memo on Thursday from George Brommer and Michail Zekyrgias, co-heads of global credit. It will provide clients with a single, comprehensive platform to manage their credit risk, the memo said.