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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Earlie who wrote (63802)	2/1/2001 8:41:49 AM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 436258

wonder if they will be using any black-scholes stuff. got leverage? DJ Bank Of America Adds To European Global Derivatives Group 01 Feb 08:23 NEW YORK (Dow Jones)--Bank of America (BAC) said Thursday that it had expanded its structured securities team and formed a quantitative interest rate modeling group within its global derivatives group in London. The bank said it hired three additional professionals for structured securities. Pierre Maliczak and Fitzroy Thomas joined as directors, while Eymour Boutia was hired as vice president. All three will report to Jamie Miller, head of structured securities in Europe, Bank of America said in a news release. Maliczak is responsible for the management of the European funds derivative business. He was formerly with Lehman Brothers and BNP Paribas in London, in similar roles. Thomas has a similar derivatives structuring role, adding his tax expertise to structured investment products and other client transactions. He joined from BNP Paribas where he was head of tax products within fixed income. Boutia is a senior structurer for the European funds business. He was previously with Credit Agricole Indosuez and J.P. Morgan in London, where he specialized in emerging markets structuring and trading. The bank's new quantitative interest rate modeling group will spearhead research and development initiatives for all the bank's global rates businesses. It is headed by Vladimir Piterbarg, a Bank of America managing director. Piterbarg reports to Nessan Fitzmaurice, who is responsible for trading research & technology for global markets. Piterbarg has hired Jesper Andreasen to work with the structured interest rate options desk, based in London. Andreasen joins from General Re Financial Products, where he was a vice president in quantitative research. "These hires form part of a wider expansion of our Global Markets capabilities in Europe," said William Fall, head of global markets in Europe, Middle East and Africa. "We have taken steps to ensure greater integrationof client origination and to deliver the mix of products and services which our institutional and corporate clients need." Bank of America, with $642 billion in assets, is the largest bank in the U.S. -By Joe Niedzielski, Dow Jones Newswires, 201-938-2039; joe.niedzielski@dowjones.com