Bank of America Merrill Lynch Hires Jonathan Shiff as Head of Americas Corporate Derivatives and Foreign Exchange

NEW YORK, April 21 /PRNewswire/ -- Risk management products are core to the financial solutions Bank of America Merrill Lynch provides to corporate and investment banking clients. In support of continuing the company's leadership in these products, Bank of America Merrill Lynch announces that Jonathan Shiff will join as head of Americas Corporate Derivatives and Foreign Exchange.  

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Shiff will be based in New York and is expected to join the company in July. He will report jointly to Bryan Weadock, co-head of Global Fixed Income, Currencies and Commodities Sales, and the heads of Global Capital Markets, Alastair Borthwick and Lisa Carnoy.

"Bank of America Merrill Lynch prides itself on delivering the best solutions for our clients, and our risk management capabilities are central to our innovative equity and debt structures," said Borthwick. "We are very pleased to have such a talented leader like Jonathan join the team."

"Corporate clients know that at Bank of America Merrill Lynch they have access to a powerful sales and trading desk," said Weadock. "Jonathan is an expert in tailoring risk solutions for large companies, and his considerable leadership skills will ensure our origination and trading businesses continue to provide best-in-class solutions for our clients," added Weadock.  

Shiff joins from Barclays Capital where he was managing director and co-head of the Risk Solutions Group, U.S., responsible for growing the company's U.S. corporate client business for interest rate products, cross-currency swaps, and other risk management products. Prior to that, he worked at UBS for seven years, most recently as a director in the Fixed Income Derivatives group. Shiff has a Master of Business Administration from Columbia Business School and a Bachelor of Arts from the University of Pennsylvania.

Shiff's appointment follows a number of significant new hires in Bank of America Merrill Lynch's Global Markets business over the last month, including:

• Hayley Boesky, vice chairman of Global Markets.
• Karen Fang, head of Cross Asset Strategies and Solutions for Global Markets in the Americas.
• Giles Hutson, managing director, EMEA Debt Capital Markets.
• Gerry Walker, co-head of Americas Credit Sales.

Bank of America

Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 58 million consumer and small business relationships with more than 5,900 retail banking offices, more than 18,000 ATMs and award-winning online banking with nearly 30 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients in more than 150 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.

Bank of America Merrill Lynch is the marketing name for the global banking and global markets businesses of Bank of America Corporation.  Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., member FDIC.  Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation ("Investment Banking Affiliates"), including, in the United States, Banc of America Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, which are both registered broker-dealers and members of FINRA and SIPC, and, in other jurisdictions, locally registered entities.  Investment products offered by Investment Banking Affiliates:  Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteed

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SOURCE Bank of America Merrill Lynch