Eugenie Curtil Becomes Bank of America’s FX Sales Head

Bank of America Merrill Lynch announced today that Bryant Park, the Head of global FX sales, is departing, according to an internal memo seen by Financial News. According to the media outlet, the bank has named Eugenie Curtil as his replacement.

Curtil has been working as the Head of FX Sales for the European Union at Bank of America. Prior to her current role, Curtil worked as Head of EMEA Real Money FX Sales and FX Sales Director. Overall, the executive has been working for over 11 years at the company.

Before joining Bank of America Merrill Lynch, she worked as Vice President of FX Sales at Bank of America in the London branch between 2008 and 2010 before the rebranding to Bank of America Merrill Lynch. Between 2005 and 2008, Curtil worked as an FX Sales Associate at Lehman Brothers.

She pursued studies at Lycée Sainte-Geneviève and ESSEC Business School between 1998 and 2004.

Curtil will report to Denis Manelski, the company’s global fixed income and currencies director. She will be based in Paris, where Bank of America has been building its trading division and shifting high-level personnel to establish a hub Hub A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method Read this Term in the aftermath of Brexit.

Bank of America's Financial Results

Recently, Bank of America released its financial results for the first quarter of 2022 and reported better-than-expected earnings per share (EPS) of $0.80. Net income came in at $7.1 billion. Consumer banking generated a net income of $3 billion, which was driven by strong growth in the number of new clients.

Net income related to Global Markets reached $1.6 billion in Q1 of 2022. Sales and Trading revenue took a hit of nearly 7% in the recent quarter. Fixed Income Currencies and Commodities (FICC) revenue reached $2.7 billion and Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term revenue touched $2.0 billion. Bank of America’s Global Wealth Management and Investment Management saw a net income of $1.1 billion. Merrill Wealth Management added nearly 6,900 new households.