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BAML reshuffles FICC in Europe

US bank makes Deutsche exec new head of fixed-income trading in Europe and creates emerging markets unit

Bank of America Merrill Lynch has named Michele Foresti as its head of fixed income, currencies and commodities trading in Europe, Middle East and Africa, with the previous head handed control of a new emerging markets unit.

Foresti was one of the top European executives in Deutsche Bank's fixed-income sales and trading operations. His departure after 18 years with the German bank was revealed by Financial News earlier today.

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