Kal El Wahab, Bank of America’s head of linear rates trading in Paris, has resigned ahead of the firm’s annual bonus round, in a move that underscores the continued pull of hedge funds on senior bank trading talent, according to a report by eFinancial Careers.
The report cites unnamed people familiar with the matter as revealing that El Wahab is set to join a hedge fund, potentially based in Dubai, although details of his new role have not been confirmed.
El Wahab joined BoA in July 2022 after a brief stint at Eisler Capital, the macro hedge fund that has since shut down. He previously held senior roles at several global investment banks, including Deutsche Bank, Credit Suisse and Citi, giving him extensive experience across rates markets.
His departure comes just weeks before Bank of America is expected to finalise bonus payments, a timing that highlights the strength of hedge fund recruitment even outside traditional compensation cycles at banks.
