Bank of America Merrill Lynch

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This article is about the corporate and investment banking division of Bank of America. For details about Merrill Lynch as an independent company prior to its acquisition by Bank of America and its continuing existence as the wealth management division of Bank of America, see Merrill Lynch.
Bank of America Merrill Lynch
Division
Industry Financial services
Founded January 1, 2009
Headquarters Bank of America Tower
New York City, United States
Area served
 Worldwide
Key people
 Thomas K. Montag (President), Patricia Wyatt (CEO)([1]
Products Investment banking
Parent Bank of America
Website Bank of America Merrill Lynch

Bank of America Merrill Lynch is the corporate and investment banking division of Bank of America.[2] It provides services in mergers and acquisitions, equity and debt capital markets, lending, trading, risk management, research, and liquidity and payments management.[1] It was formed through the combination of the corporate and investment banking activities of Bank of America and Merrill Lynch following the acquisition of the latter by the former in January 2009.

History

Bank of America completed the acquisition of Merrill Lynch & Co on 1 January 2009.[3] Bank of America began rebranding all of its corporate and investment banking activities under the Bank of America Merrill Lynch name in September 2009.[4]

In April 2010, Bank of America Merrill Lynch appointed Christian Meissner as head of investment banking for Europe, Middle East and Africa.[5]

In April 2011, Bank of America Merrill Lynch integrated its corporate and investment banking operations into a single division.[6]

In October 2013, Bank of America Merrill Lynch was recognised as the Most Innovative Investment Bank of the Year[7] in The Banker's Investment Banking Awards.[8]

Operations

Bank of America Merrill Lynch is organized within four geographic divisions: Asia Pacific; Europe, Middle East & Africa; Latin America and U.S. & Canada.[2]
The Bank of America Merrill Lynch office at Four World Financial Center in New York City 
The Bank of America Merrill Lynch office at 5 Canada Square in London 

Market share

Bank of America Merrill Lynch achieved the second-highest revenues of any investment bank worldwide in 2010, with a global market share of 6.8 per cent.[9] In that year it achieved the highest revenues of any investment bank worldwide in both leveraged loans and asset-backed securities.[9]

In 2011, Bank of America Merrill Lynch again achieved the second-highest revenues of any investment bank worldwide (after J.P. Morgan & Co.), with a global market share of 7.4 per cent.[10]

References

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External links

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