BoA swings the axe

Christiane Mandell, head of sales for GRCC and head of foreign exchange in New York, was let go as the bank merged its rates and FX business under Gerhard Seebacher, head of trading across GRCC products. Seebacher took on his newly created role in July in an effort to manage trading risk across rates, currencies and commodities, in addition to his responsibilities as head of rates (FX Week, July 23).

The bank said this latest restructuring is to “instil greater trading discipline, deliver pr