- Bank of America Merrill Lynch
It’s official: Sanaz Zaimi is now the sole head of fixed income, currency, and commodity – FICC – sales at Bank of America Merrill Lynch.
That means Zaimi is now indisputably the sole head, while Karen Fang, a rising star, is head of Americas FICC sales.
“Please join me in thanking Bryan for his years of service and in wishing him the very best in the future as well as congratulating Sanaz and Karen,” Montag said in the memo.
A former Goldman Sachs banker, like Montag and Fang, Zaimi grew up in the wake of Iran’s 1979 revolution. She made the move to Bank of America in 2009, and the London-based executive has appeared on multiple power lists in the UK published by the likes of the Evening Standard and Financial News.
Her position as head of FICC sales makes her one of the most senior women in sales and trading anywhere in the world. The US bank ranked third in FICC revenues in the first half of the year, according to Coalition, behind JPMorgan and Citigroup and equal with Goldman Sachs.