A bunch of senior sales and trading staff have left Bank of America
REUTERS/Brendan McDermid
Bank of America has been cutting jobs, and now we're hearing who is going to leave.
In London, Charlie Lovett-Turner, a managing director and senior figure in emerging-markets and fixed-income trading, has been notified that his "role is at risk of redundancy," people familiar with the matter said.
UK laws require notification, rather than an outright severance like you might see in the US.
Also in that position are Alan Davies, who had been global head of financials and specialist sales in equities, and Hugo Hamilton-Shaw, a managing director in equity sales.
Tim Reilly, who had been head of US equity-research sales in New York, has left, according to the people.
Bloomberg reported some of the names earlier, and also said that Arnaud Droitcourt, head of equity trading in Asia-Pacific, and Robert Grillo, head of fixed-income e-sales, have also left.
Business Insider reported on Tuesday that the bank was cutting jobs. It had asked senior executives some weeks ago to draw up a list of positions that could be cut, only to go back and ask for more names.
NOW WATCH: Why 2-in-1 shampoo and conditioner products don’t work