Bank of America’s co-head of global fixed-income, currencies and commodities trading Gerhard Seebacher is stepping down from his role after a spell of 18 years at the firm.
Seebacher will retire at the end of this month to pursue other opportunities in the industry as it continues to evolve, said co-chief operating officer Thomas K Montag.
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Seebacher headed the business with David Sobotka, the other co-head of the fixed-income business, which will remain as sole head of the unit.
Seebacher, who assumed his current role in November 2011, has spent 18 years at the firm in various positions, including head of global rates, foreign exchange and structured credit trading and head of global credit products. He was also co-chair of the global markets trading committee.
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