Kevin Jackson, previously a director in convexity products at Bank of America Merrill Lynch, will be joining Wells Fargo Securities as part of the firm's efforts to bolster its residential financing, origination, and trading activities.
In his new position, Jackson — who joined Merrill in August 2007 — will be a director, specified pool trader and desk strategist. The new hire, who will be officially joining Wells Fargo in two months, will be reporting to Joe Gaziano, who is managing director and head of passthrough trading at Wells.
A Reuters report, citing a source, said that Jackson sent an e-mail on Thursday to say that he was leaving BofA Merrill without revealing that he was going to work for Wells Fargo.
Prior to his stint at BofA Merrill, Jackson was part of RBC Capital Markets' interest rate strategy group. He started at RBC in July 2002.
Before RBC, Jackson was part of Wells Fargo Home Mortgage's mortgage strategy group. He was also a former bond portfolio strategist at Freddie Mac and an MBS analyst at Fannie Mae.