Bank of America is busy making director-level hires in Paris
Who said banks wouldn't be able to find enough experienced staff for their new Brexit-inspired European offices? Bank of America seems to be having no problem - it's recruiting front office sales and trading staff in Paris with increasing alacrity.
Already this month, BofA has added John Manh as a director in its Paris-based equity solutions (ie equity derivatives) business and Raphael Benoliel as a director in rates trading. It's also recruited Alexis de Saint-Romain as an associate-level electronic sales trader.
Bank of America's Brexit preparations are more advanced than those of other banks. The U.S. bank is already occupying its new Paris office, which contains 200 staff and is due to contain another 200 before the year is out.
Many of BofA's Paris staff are expected to migrate from London, but reports suggest that not everyone in London has been keen to migrate - hence the hires directly into Paris.
Manh joined BofA after 11.5 years as deputy head of investment solutions at La Banque Postale Asset Management in Paris. Benoliel was formerly at JPMorgan in London. And Saint-Romain came from electronic trading platform Equiduct, also in London.
Notably, all the new hires are French. Bank of America declined to comment.
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