BAML continues restructure; evolves to meet regulations

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The foreign exchange business has seen the departure of Joe Ziccarelli, New York-based managing director and chief operating officer of global foreign exchange. Ziccarelli joined the US bank in 2006 from HSBC, where he was a managing director in FX and global metals sales and trading. He was also previously a vice-president at Deutsche Bank in global liquidity services and a regional director of FX margin trading.

John Bock also leaves the bank in New York after three years working as a director

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