Banc of America Securities has hired Leif Andersen, a senior quant in Gen Re Securities quantitative research department, to fill a newly created position in New York covering the global credit derivatives market. Andersen, who joined BofA two weeks ago, said his exact title has yet to be established, but added that he will be concentrating on global credit derivatives quantitative research at first and then begin branching out to cover structured products and other asset classes. He reports to Nessan Fitzmaurice, chief technology officer and head of quantitative research. Fitzmaurice declined comment.
While at Gen Re, Andersen reported to Bjorn Flesaker, global head of analytics and research. Flesaker could not be reached.
