BofA Taps Klein To Head Forex Prime Brokerage

Oct 26 2011 | 8:13am ET

Bank of America Merrill Lynch has snagged a JPMorgan Chase prime brokerage executive to head its own foreign exchange effort for hedge funds.

Peter Klein was named global head of foreign exchange prime brokerage, the same post he held at JPMorgan. He will succeed Tony Dalton at the end of the month as Dalton takes on a senior sales role in the forex prime brokerage group.

"Peter possesses significant expertise and experience in FX sales and trading and has worked across client types as well as in electronic trading," prime brokerage chief Stuart Hendel and global short rates trading head Denis Manelski said in an internal memo. "Working closely with global FX sales and trading, Peter will be responsible for further developing our FX prime brokerage business globally and ensuring that the firm is well-placed to support our goal of becoming a leading provider of FX services, including in prime brokerage and clearing."

Prior to joining JPMorgan, Klein served as chief operation officer of a European hedge fund.


In Depth

Q&A: Schroders’ Forest Discusses Multi-Asset Investments On Eve Of U.S. Launch

Jul 17 2014 | 8:05am ET

Global investment manager Schroders has $446 billion in assets under management, $...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

Common Risk Parity Misperceptions

Jul 16 2014 | 11:02am ET

Over the past few years, risk parity has become a component of most investors’...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note