Investing.com -- Bank of America Corp. (NYSE:BAC) has hired John Gallagher from JPMorgan Chase (NYSE:JPM) to join its investment-grade credit trading business, according to Bloomberg News, citing sources familiar with the matter.
Gallagher is set to begin his new role later this summer and will be based in New York, the sources said. His responsibilities will include trading bonds from the pharmaceutical and healthcare sectors.
Gallagher spent nearly three years at JPMorgan. Prior to that, he worked for Citigroup (NYSE:C), according to Finra records.
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