BofA Merrill Lynch’s Tonkin Promoted to Head of FX Prime Brokerage

Bank of America (BofA) Merrill Lynch’s Dean Tonkin has been promoted to the role of Head of Futures, and FX Prime Brokerage, according to a report from FXweek.

Mr. Tonkin is a financial services mainstay, having worked at a number of leading lenders for over a decade. He originally joined BofA Merrill Lynch back in 2012, where he worked as its managing director up until his recent promotion.

Prior stops before BofA Merrill Lynch include Barclays, having served as its head of G10 cash trading, Asia-Pacific (APAC) Asia-Pacific (APAC) The Asia-Pacific (APAC) region is one of the fastest growing in terms of population. This region in particular is of great importance to the financial services industry, as it is seen as the largest growth market for clients.APAC is comprised of diverse currency markets that are shaped by various and, at times, competing forces, from global regulation to local capital controls.The region has been seen as one of the hardest to enter by FX brokers for this reason, as well as grappling cultural or The Asia-Pacific (APAC) region is one of the fastest growing in terms of population. This region in particular is of great importance to the financial services industry, as it is seen as the largest growth market for clients.APAC is comprised of diverse currency markets that are shaped by various and, at times, competing forces, from global regulation to local capital controls.The region has been seen as one of the hardest to enter by FX brokers for this reason, as well as grappling cultural or Read this Term) and head of FX STIRT – Americas, dating back to 2004.

In his new role at BofA Merrill Lynch, Mr. Tonkin will be reporting to co-heads of FX trading, Chris Bae and Tom Gillie. He will continue to be based out of New York.

Earlier this week, BofA Merrill Lynch secured the services of Michael Wise as its newest Vice Chairman of Global Equity Capital Markets (ECMs), having parted ways with Goldman Sachs recently.