JOB CYCLE

Andy Law has joined Commonwealth Bank of Australia as manager of risk management sales in London, replacing Sarah Pearce, who has left the bank. Law was previously assistant director on the structured derivatives sales desk at Hambros Bank in London.

Bank of America in San Francisco has hired Robert Reoch to head its global credit derivatives effort. Reoch will report to James Gill, managing director in the financial engineering and risk management unit. Prior to joining BofA, Reoch worked as