Investment Banking

Bank of America shifts senior London trading trio to Paris

UK-based banks are starting to enact Brexit plans in the absence of significant progress towards a final trade deal

Bank of America shifts senior London trading trio to Paris
Photo: Getty Images

Bank of America Merrill Lynch is pushing ahead with plans to position its investment banking business for life after Brexit — moving three of its most senior sales and trading executives in the City to the French capital.

BAML's chief operating officer Tom Montag announced the relocations of Sanaz Zaimi, Vanessa Holtz and Othmane Kabbaj to the bank's new Paris office in a memo to staff on Tuesday.

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