Bank of America Merrill Lynch has named a new head of electronic trading strategy in fixed income – the second senior hire in its FICC trading business to come to light in less than a week.

Tom Klocker, who was head of algorithmic trading for fixed income, currencies and commodities at UBS, will join the bank in June as global head of e-trading strategy for FICC, according to two people familiar with the situation. He will report to Brice Rosenzweig in London and Leif Andersen in New York, who co-head the US bank's quant group.