BoA props up trading business

LONDON -- Bank of America’s strategy to build a proprietary trading business is well under way.

Following the addition of Angus Cameron, who joined BoA in London late last year from WestLB in Tokyo, the US bank now has a total of four prop traders in London, including Lawrence Barwick, London-based global head of proprietary FX trading.

More hires can be expected in London over the coming months, Barwick said, although he declined to give target numbers.

The bank has no prop FX traders in its