BofA Names Roberts Head of Global Rates and Structured Credit and 2 More Heavily Traded Stocks to Follow
Bank of America Corp. (NYSE:BAC) Current price $14.49
David Sobotka, who on Wednesday was appointed BofA’s only chief of fixed-income trading, has chosen Will Roberts as chief of global rates and structured credit, according to three knowledgeable sources, adding that Roberts served for five years at Goldman Sachs Group Inc. until 2008 and came to Bank of America in 2011 to work with his former supervisor, Co-Chief Operating Officer Thomas K. Montag.
He will oversee sovereign debt, swaps, and rate-options trading. Sobotka manages a business that brought 13 percent of Bank of America’s revenue last year. He will lead fixed-income, currency, and commodities trading after co-leader Gerhard Seebacher announced that he will exit at the end of September.