More forex departures at Bank of America

Guy Piserchia, New York-based senior FX trader and managing director, has left the bank. Herbert Perez, New York-based head of emerging markets for rates and currencies, takes over his responsibilities.

Although BoA declined to reveal whether Piserchia had been made redundant, his departure comes amid 500 cuts introduced across the bank's global markets and global investment banking franchise. Christiane Mandell, head of sales for rates, currencies and commodities (GRCC) and head of FX in New

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