Following some reports from last week Disappearance from BofA’s Paris pricing team, I realized that these were not the only exits for US banks from the Paris business. -Insiders point out various other disappearances, both before and after the bonus is paid.
For example, in December, the bank’s regional CFO, Guillaume Ladis, resigned, according to media reports at the time. It’s not clear what Ladis, who worked for BofA for 10 years, is planning next.
In the past few months, Christian Treuer, co-head of BofA’s Paris-based EMEA Equity Derivatives and Equity Distribution on the European Continent, has also resigned.Troyer spent Most of his career in London, Returned to England. He rejoined Barclays and worked for 14 years before moving to BofA in 2018.
At another exit, Paris insiders say Arnaud Lannic, head of BofA’s Paris-based equity client index trading, has also resigned and is taking a gardening vacation.
BofA refused to comment on the exit. They are coming as the competition for Parisian staff intensifies.Citadel and Citadel Securities Open a new office Goldman in the French capital Poaching from SocGen.
BofA is understood to have paid a relatively low bonus in 2020 after the trading team’s poor performance. According to insiders in Paris, working in a French office can be complicated by a matrix reporting structure that reports to three or four different managers, which can create tensions between Paris and London.
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A series of senior exits from Bank of America’s Paris office
Source link A series of senior exits from Bank of America’s Paris office