In The Banker’s Investment Banking Awards for 2019, the honours for the most innovative performance in equity derivatives went to Bank of America (BofA). The citation noted that, while this category was often dominated by French banks, it was impossible to ignore BofA’s “meteoric” expansion in this business.
There is, however, still a French connection here. BofA’s head of global equity derivatives sales and structuring is Hichem Souli, who has led the bank’s new approach to equity derivatives. Until 2014, when he joined the US bank, he was European head of cross-asset pricing and solutions at France’s Société Générale.
