Bank of America Merrill Lynch hired Jonathan Shiff as head of Americas corporate derivatives and foreign exchange, the bank said this week.
Shiff will report jointly to Bryan Weadock, co-head of global fixed income, currencies and commodities sales, and the firm's co-heads of global capital markets, Alastair Borthwick and Lisa Carnoy. He will be based in New York and is expected to join in July, the bank said in a press release.
Shiff joins from Barclays Capital, where he was managing director and co-head of the risk solutions group in the U.S.
Prior to joining Barclays, he worked at UBS for seven years, most recently as a director in the fixed-income derivatives group.
“Bank of America Merrill Lynch prides itself on delivering the best solutions for our clients, and our risk management capabilities are central to our innovative equity and debt structures,” Borthwick said the release. “We are very pleased to have such a talented leader like Jonathan join the team.”
“Corporate clients know that at Bank of America Merrill Lynch they have access to a powerful sales and trading desk,” Weadock said in the release. “Jonathan is an expert in tailoring risk solutions for large companies, and his considerable leadership skills will ensure our origination and trading businesses continue to provide best-in-class solutions for our clients.”