Bank of America ‘replaces’ Justin Fredericks with Elizabeth Hammond
27 July 2012 New York
Image: Shutterstock
It has been reported that Elizabeth Hammond has replaced Justin Fredericks at Bank of America Merrill Lynch
Fredericks joined Bank of America in 2001 as head of capital introductions for the Americas. He led the bank’s US capital introductions team, which is a part of its prime brokerage business, before reportedly departing to pursue other opportunities.
His replacement—Hammond—has already taken up the position and will be reporting to Michael Terry, who runs the bank’s capital introduction programme globally.
Before joining Bank of America in 2009, she worked as a senior member of the capital introductions group in Citi’s prime finance unit.
Bank of America’s prime brokerage business has undergone significant changes. The bank sold its prime brokerage business to BNP Paribas in 2008, but it re-entered the market when it bought Merrill Lynch a few months later.
Stuart Hendel joined Bank of America in 2011 from UBS to become the head of its global prime brokerage group.
Since joining, Hendel has pursuaded Charlotte Burkeman (co-head of EMEA prime brokerage) and Jonathan Yalmokas (head of US prime brokerage) to move to Bank of America from UBS. He has also made other additions, including Michael Terry.
Fredericks joined Bank of America in 2001 as head of capital introductions for the Americas. He led the bank’s US capital introductions team, which is a part of its prime brokerage business, before reportedly departing to pursue other opportunities.
His replacement—Hammond—has already taken up the position and will be reporting to Michael Terry, who runs the bank’s capital introduction programme globally.
Before joining Bank of America in 2009, she worked as a senior member of the capital introductions group in Citi’s prime finance unit.
Bank of America’s prime brokerage business has undergone significant changes. The bank sold its prime brokerage business to BNP Paribas in 2008, but it re-entered the market when it bought Merrill Lynch a few months later.
Stuart Hendel joined Bank of America in 2011 from UBS to become the head of its global prime brokerage group.
Since joining, Hendel has pursuaded Charlotte Burkeman (co-head of EMEA prime brokerage) and Jonathan Yalmokas (head of US prime brokerage) to move to Bank of America from UBS. He has also made other additions, including Michael Terry.
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