Discover your dream Career
For Recruiters

Bank of America's head of EMEA equities distribution disappears

James Austin has left Bank of America.

Sources say that Austin, who spent nearly 12 years at Bank of America, latterly as the London-based head of EMEA equities distribution, has left the bank. Bank of America declined to comment on his exit, but it's understood that Austin was let go by Martina Slowey, BofA's head of EMEA equities. Slowey has occupied her role since October 2020.

Insiders say BofA is splitting Austin's role in two. In the future, the bank will have a head of cash equities distribution and a separate head of derivatives and solutions distribution. BofA is already understood to have hired a new derivatives and solutions head from Citi, and is thought to be in the process of hiring the head of cash equities distribution externally.

Austin didn't respond to a request to comment on his exit. His departure seems to have come as a surprise to colleagues. So too has the fact that Nicola Lim, a managing director and head of EMEA advisory and swap sales who is close to head of global equities, Soofian Zuberi, wasn't promoted as a replacement.

Bank of America is due to announce its third quarter results on July 18th. Global equities sales and trading revenues at the bank were up 9.5% year-on-year in the first quarter. 

Click here to create a profile on eFinancialCareers. Make yourself visible to recruiters hiring for top jobs in technology and finance. 

Have a confidential story, tip, or comment you’d like to share? Contact: sbutcher@efinancialcareers.com in the first instance. Whatsapp/Signal/Telegram also available (Telegram: @SarahButcher)

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

 

 

author-card-avatar
AUTHORSarah Butcher Global Editor

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Articles
Recommended Jobs
Metis Search
Analyst - Private Equity Placement
Metis Search
London, United Kingdom
Logan Sinclair
Head of Investment Strategy, Family Office, London
Logan Sinclair
London, United Kingdom
BTI Executive Search Pte Ltd
Relationship Manager - Crypto Asset Management
BTI Executive Search Pte Ltd
Hong Kong
One Ten Associates
Finance Director
One Ten Associates
London, United Kingdom

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.