Discover your dream Career
For Recruiters
Citadel has struck again.

Citadel said to hire Bank of America's U.S. head of flow trading

David Kim, the U.S. head of equity client solutions at Bank of America is the latest senior trader to leave the bank.

He's understood to be joining Citadel. 

Bank of America declined to comment on Kim's exit. Citadel didn't respond to a request to comment.

Kim only joined Bank of America in 2018 after six years at JPMorgan, where he was also head of U.S. flow trading. He previously spent four years at Goldman Sachs. 

Citadel is one of several hedge funds engaged in heavy hiring after strong returns in 2020. In 2019, Citadel hired Pablo Salame from Goldman Sachs as global head of credit trading. Last year, Citadel hired David Casner, a former Goldman Sachs partner managing director and ex-global co-head of flow equity derivative trading and head of US equity volatility trading.

Revenues in Bank of America's equities sales and trading division rose 20% last year, compared to increases of over 30% at Goldman Sachs and JPMorgan. Fab Gallo, the former head of equities at BofA was replaced in August by Soofian Zuberi, apparently following complaints about his management style early in the crisis. 

In recent months various traders have been leaving Bank of America, voluntarily or not, after the U.S. bank was said to have paid comparatively meager bonuses for 2020. 

Photo by bady abbas on Unsplash

Have a confidential story, tip, or comment you’d like to share? Contact: sbutcher@efinancialcareers.com in the first instance. Whatsapp/Signal/Telegram also available.

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

 

 

author-card-avatar
AUTHORSarah Butcher Global Editor

Apply for jobs

Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Jobs
Amber Group
Quant Researcher - US
Amber Group
New York, United States
Oxford Knight
Software Engineers - New York- Systematic Quant Fund
Oxford Knight
New York, United States
Python Quantitative Developer
New York, United States