Bank of America Corp. may expand its metals and energy team by 25% in the next two to three years, as a rebound in commodities attracts billions of dollars of investments.

The bank has already hired people in China, Singapore, India and Japan, said David Goodman, co-head of global commodities. The commodities group is now about 600 people.

The company needs to add staff to profit from trading commodities, which rose 32% since March. Commodity assets under management in mutual funds, indexes and exchange-traded products rose about 19%, to $209 billion, in the second quarter, according to Barclays Plc, which plans to hire about 20 commodity traders in the next year.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.