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People moves news

BofA Merrill Lynch names head of prime brokerage


28 July 2014 North Carolina
Reporter: Tammy Facey

Generic business image for news article
Image: Shutterstock
Bank of America Merrill Lynch has given Paul Simpson the reigns of its prime brokerage business, naming him as its global head, a source has confirmed.

He will report to the head of global equities, Fabrizio Gallo, as well as David Sobotka for prime brokerage products.

Simpson has worked at BofA Merrill Lynch for three years. He was the former head of the bank’s global transaction services business, and previously worked at Citigroup.
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