John Sandelman, a former top securities executive at Bank of America Corp., is said to be setting up his own hedge fund firm. Sandelman recently left the bank after a seven-year relationship that culminated with him heading Bank of America's debt and equities divisions. It is not yet clear what type of fund Sandelman is looking to run or when it will be launched.
Mark Werner, a veteran of JPMorgan Chase & Co., has been hired as Sandelman's successor. Werner most recently directed JPMorgan's North American interest-rate business as well as the global futures and options operations. He