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Goldman Sachs Senior Swaps Trader Leaves for Bank of America

The Goldman Sachs booth on the floor of the New York Stock Exchange
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The Goldman Sachs booth on the floor of the New York Stock Exchange

Craig Reynolds, a senior swaps trader from Goldman Sachs , has jumped ship for Bank of America .

Reynolds, a managing director at Goldman, will run U.S. rates trading for B of A, say people briefed on his job move, which was announced in an internal e-mail at his new firm on Tuesday morning.

His arrival touches off a series of transitions at B of A, which has spent recent years retrenching the capital-markets unit after a wrenching acquisition of Merrill Lynch in the depths of the 2008 financial crisis.

Peter Antico, B of A’s previous head of rates, will now oversee G-10 currency trading for the bank. And Chris Hodson, who had been running swaps trading in the U.S., will now oversee the rates business for Europe, the Middle East, and Africa out of London. Those moves were also announced in the morning’s statement, says one of the people briefed on the matter.

Reynolds is at least the second senior fixed-income trader to leave Goldman in recent months. Late in January, Glenn Hadden, who ran government-bonds trading as a partner there, quit for a new post running rates trading at Morgan Stanley .

Reynolds, Antico, and Hodson could not immediately be reached for comment.

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