BofA hires JP Morgan vet to head global futures

Bank of America Merrill Lynch announced today that Peter Johnson will join the company as managing director and head of global futures and OTC clearing. In this role, Johnson will assume global responsibility for all futures, options and OTC derivatives clearing.

Johnson, who is expected to join the company in October, will be based in Chicago and report to Denis Manelski, head of global short rates trading and Stu Hendel, head of global prime brokerage.

"Peter is a highly regarded industry veteran with a proven track record. Bringing him on board underscores our commitment to the futures and OTC space at a critical time as the industry continues to evolve," said Manelski and Hendel. "We are delighted to welcome him as a member of our leadership team."

Johnson joins the firm from JP Morgan, where he held a variety of senior leadership roles during the last 19 years, including his most recent post as head of global futures, options and OTC clearing. Previously, he served as North American head of futures and options, and head of JP Morgan's Chicago futures office.

Bank of America Merrill Lynch is a leading global provider of equity, options and futures trading, sales and research services to mutual funds, hedge funds, broker-dealers, pensions, endowments and other institutions.

Bank of America Merrill Lynch's prime brokerage platform was ranked No. 1 in Capital Introductions and No. 1 in Europe in Global Custodian's 2010 Prime Brokerage Survey. In addition, the company was named Best Synthetic Provider in Global Investor/isf's 2010 Synthetic Financing Survey and Most Innovative in Prime Brokerage for 2010 by The Banker magazine.

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