Wednesday, 27 July 2016
Last updated 12 hours ago
Jun 25 2010 | 7:03am ET
A key figure in the mutual-fund late-trading scandal of seven years ago has reemerged as a principal at multi-family office Bessemer Trust.
Charles Bryceland was cited—though never charged or accused of any wrongdoing—as the source of an e-mail calling a deal with hedge fund Canary Capital Partners “a tremendous example of leveraging the franchise.” The only problem was, that deal was allegedly late-trading on the part of Canary through Bank of America, where Bryceland worked at the time.
Bryceland subsequently resigned from BofA, where he was head of private banking in the Northeast, and Canary settled the charges for $40 million.
After leaving BofA, Bryceland ran his own high net-worth consultancy and then joined Fieldpoint Private Bank & Trust.