Bank of America’s head of European Government Bond Trading has left the bank to join an unnamed hedge fund, marking the latest senior departure from its European macro trading division, according to a report by Financial News London citing unnamed people familiar with the matter.
The departing executive, Karim Mansour, joined BofA in 2019 after stints at Morgan Stanley, where he led wider peripheral government bond trading, and Barclays, where he was head of financial and sovereign CDS trading. Mansour declined to comment.
His exit follows that of Lorena Romano, a Paris-based director in the EU rates team, who left in October to join Barclays, as well as Bobby Previti, former head of sovereign, supranational and agency trading, who is also understood to be joining a hedge fund. In addition, Fabio Bröcker departed in August and is set to join BNP Paribas this month as co-head of inflation trading.
The moves come amid a broader reshuffle in BofA’s European macro business, as hedge funds and rival banks compete aggressively for top rates talent.
Despite the turnover, Bank of America’s global sales and trading revenue hit record levels in the first nine months of 2025, rising 9% year-on-year to $5.4bn on the back of sustained market volatility. However, growth was led by equities, which climbed 14% to $2.3bn, outpacing the FICC division, where the EU rates desk sits, which rose 5% to $3.1bn.
