BofA's head of linear rates trading resigned for a hedge fund before bonuses
As we noted earlier today, Bank of America doesn't announce its bonuses until the end of this month. Nonetheless, one of its top traders just resigned, pre-bonus, for a hedge fund.
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Kal El Wahab, BofA's Paris-based head of linear rates trading is understood to have handed in his resignation today. Rumour has it that he is joining a hedge fund in Dubai.
Neither El Wahab nor BofA responded to a request to comment for this article
El Wahab is no stranger to hedge funds. He joined BofA in July 2022 after a brief stint at now defunct Eisler Capital. Prior to that he worked for Deutsche Bank, Credit Suisse and Citi.
Dubai hedge funds exerted a strong pull on traders in London in 2025. El Wahab's exit suggests they are also exerting a strong pull on traders in Paris in 2026.
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