Banc of America Securities
The investment-grade team at Banc of America Securities is not the first to merge cash bond and derivative desks, but by throwing structured credit into the mix, Charley McLendon hopes to lead the team to a top-three position. Dalia Fahmy reports
Charley McLendon, Banc of America Securities’ head of investment grade, wants to grow his business into one of the top three on Wall Street. It’s not such a stretch. After all, Bank of America, the country’s third largest bank, has steadily climbed the ranks since it began dealing in corporate bonds a decade ago, and already counts comfortably as a top 10 issuer and trader of debt.
But competition is fierce in a declining market, and every contender craves an advantage. McLendon, who once ran
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