(Bloomberg) -- Raphael Zagury, Bank of America Corp.’s head of creating derivative investments for wealthy clients at Merrill Lynch, said he resigned.

Zagury, a managing director who joined Merrill Lynch from Goldman Sachs Group Inc. about five years ago, was in charge of creating customized derivatives for Merrill’s so-called ultra high-net worth clients, according to its website. Before Goldman Sachs, he worked for Safra National Bank.

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