Not expert assistance, just trying to help...
Use three functions: REPLACE_PATTERN, SUBSTRING, and INDEX_OF.
REPLACE_PATTERN(SUBSTRING(INDEX_OF(BO.Attribute,'<'),INDEX_OF(BO.Attribute,'>')),' ')
No idea if this will work, and not sure if I constructed it right, but it's the first thing I would try. This function breaks if there is a legitimate < or > in the string. So you should first do two REPLACE_PATTERN functions:
REPLACE_PATTERN(BO.Attribute,'<','?')
REPLACE_PATTERN(BO.Attribute,'>','?')
Use whatever you want for ?, even a space. Let us know if I was even close.