Christopher T. Bae and Thomas S.B. Gillie will join Bank of America Merrill Lynch as managing directors and co-heads of global foreign exchange options. They will join the company in October, reporting to Chris Vogel, head of G10 currency trading.
Bae joins from Goldman Sachs where he worked for 10 years, most recently as managing director in the equity derivatives trading group. Gillie, with more than 14 years of experience in options trading, joins from Credit Suisse where he worked for more than 10 years.
“The first half of this year has been very gratifying for our team,” says David Gu, global head of rates and currencies. “The combination of Bank of America’s unrivalled reach into corporate and retail clients and Merrill Lynch’s long-standing relationships with institutional clients makes us a powerhouse in foreign exchange. Our goal now is to leverage the strategic advantages of our newly combined platform and become the No. 1 provider of solutions for our clients.”
“Foreign exchange options are an increasingly common risk management tool, and Chris and Tom are proven trading veterans of the product,” saysVogel. “We fully expect that the combination of their partnership with our talented sales force will pay immediate dividends – both in terms of deepening our client advisory expertise and in broadening our product footprint.”
L.D.