Bank of America Merrill Lynch (Baml) has reshuffled its fixed income, currencies, and commodities division (FICC) with the head of sales and structuring in the Americas for the division, Karen Fang, shifting to a more senior role in trading, according to an internal memo.
Fang - who will be replaced internally - is part of the changes underway on the sales and trading floor at the US bank, and will transition into a new role within FICC trading as the head of counterparty portfolio management (CPM), structured notes and exchange-traded funds (ETFs), the memo read. She will also join the Environmental Social Governance Committee. In her new role, Fang will remain in New York and report to James DeMare and Bernard Mensah, global co-heads of FICC trading. Fang was
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