The head of BankAmerica Corp.'s high-yield trading operation has left, just weeks after the bank stubbed its toe on its first mandate to lead a junk bond deal.

John Hakala, a senior managing director and head of high-yield sales and trading, left the bank last Monday, a spokeswoman confirmed. Mr. Hakala's deputy, vice president Jerry Bias, also left, and he has joined Bear, Stearns & Co. as an associate director and high-yield trader.

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