Eugenie Curtil Becomes Bank of America’s FX Sales Head
- Bryant Park, the Head of global FX sales at Bank of America, announced his departure.
- The announcement was made via an internal memo.
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.
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 partial ownership in the company.There are many reasons for individuals investing in equities. In the United States for example, equity markets are amongst the largest in terms of transactions, investors, and turnover.Why Invest in Equities?Overall, the appeal of equities the potential for high returns. Most portfolios feature some portion of equity exposure for growth.In terms of investing, younger individuals can afford to take on higher levels of equity exposure, i.e. risk. Consequently, these people have more stocks in their portfolio because of their potential for returns over time. However, as you are planning to retire, equity exposure becomes more of a risk.This why many investors or holders of retirement accounts transition at least part of their investments from stocks to bonds or fixed-income as they get older.Equity holders can also benefit through dividends, which differ notably from capital gains or price differences in stocks you have purchased.Dividends reflect periodic payments made from a company to its shareholders. They’re taxed like long-term capital gains, which vary by country. 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 partial ownership in the company.There are many reasons for individuals investing in equities. In the United States for example, equity markets are amongst the largest in terms of transactions, investors, and turnover.Why Invest in Equities?Overall, the appeal of equities the potential for high returns. Most portfolios feature some portion of equity exposure for growth.In terms of investing, younger individuals can afford to take on higher levels of equity exposure, i.e. risk. Consequently, these people have more stocks in their portfolio because of their potential for returns over time. However, as you are planning to retire, equity exposure becomes more of a risk.This why many investors or holders of retirement accounts transition at least part of their investments from stocks to bonds or fixed-income as they get older.Equity holders can also benefit through dividends, which differ notably from capital gains or price differences in stocks you have purchased.Dividends reflect periodic payments made from a company to its shareholders. They’re taxed like long-term capital gains, which vary by country. 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.
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.
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 partial ownership in the company.There are many reasons for individuals investing in equities. In the United States for example, equity markets are amongst the largest in terms of transactions, investors, and turnover.Why Invest in Equities?Overall, the appeal of equities the potential for high returns. Most portfolios feature some portion of equity exposure for growth.In terms of investing, younger individuals can afford to take on higher levels of equity exposure, i.e. risk. Consequently, these people have more stocks in their portfolio because of their potential for returns over time. However, as you are planning to retire, equity exposure becomes more of a risk.This why many investors or holders of retirement accounts transition at least part of their investments from stocks to bonds or fixed-income as they get older.Equity holders can also benefit through dividends, which differ notably from capital gains or price differences in stocks you have purchased.Dividends reflect periodic payments made from a company to its shareholders. They’re taxed like long-term capital gains, which vary by country. 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 partial ownership in the company.There are many reasons for individuals investing in equities. In the United States for example, equity markets are amongst the largest in terms of transactions, investors, and turnover.Why Invest in Equities?Overall, the appeal of equities the potential for high returns. Most portfolios feature some portion of equity exposure for growth.In terms of investing, younger individuals can afford to take on higher levels of equity exposure, i.e. risk. Consequently, these people have more stocks in their portfolio because of their potential for returns over time. However, as you are planning to retire, equity exposure becomes more of a risk.This why many investors or holders of retirement accounts transition at least part of their investments from stocks to bonds or fixed-income as they get older.Equity holders can also benefit through dividends, which differ notably from capital gains or price differences in stocks you have purchased.Dividends reflect periodic payments made from a company to its shareholders. They’re taxed like long-term capital gains, which vary by country. 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.