Bank Of America's Chappell Leaves While Global Options Chief Is Named

BANKS

Bank of America has restructured its FX business in London, naming new heads of trading and sales, just weeks after announcing that executive vice president Robert McKnew was taking over global responsibility for FX from senior vice president Paul Chappell. Chappell, who was then named head of FX and derivatives trading in London, has now left the bank, sources say.

As of Monday, August 5, Paul Chappell was no longer the head of London trading, an official confirms, declining further comment