Bank Of America Launches New Unit To Cover Emerging Markets From US

BANKS

Bank of America (BofA) has created a new exotic currency unit in the US, to take advantage of what Robert mackinaw, executive vice president and global head of FX and US capital markets, calls the "biggest growth sector in foreign exchange for the next few years" .

The new unit, headed by vice president and chief trader Jonathan Goldman, will have six to eight traders working together from offices in San Francisco, Los Angeles and New York.

"There is a tremendous amount of corporate demand for

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