The US head of equity derivatives at Bank of America Merrill Lynch quit this week after less than two years at the bank. He's headed to LMR Partners, a $5 billion hedge fund launched in 2009 and run by former UBS traders. Bank of America Merrill Lynch's top equity derivatives boss in the Americas is leaving after less than two years, and he's headed for the hedge fund LMR Partners. After an eight-year run with Barclays, William "Bill" Hillegass joined BAML in 2017, heading up equity client solutions and running equity derivatives out of New York.