LONDON, March 15 (Reuters) – Bank of America Corp (BAC.N) named Carlo Calabria, previously Merrill Lynch’s top European mergers and acquisitions (M&A) banker, to lead its M&A business outside the Americas, according to an internal memo seen by Reuters.
The memo, dated Friday, detailed several changes to the leadership of the bank’s international corporate and investment banking business, which encompasses Europe, Middle East and Africa (EMEA) and the Asia-Pacific region.
Merrill bankers Matthew Greenburgh and Jim O’Neil, who both advised the Royal Bank of Scotland (RBS.L)-led consortium on its 70 billion euro takeover of ABN AMRO, will assume other key roles outside the Americas.
Greenburgh will lead Financial Institutions Corporate and Investment Banking while O’Neil will run Corporate Finance and Restructuring.
In EMEA, Amir Hoveyda will lead debt capital markets, Luc Remont will lead corporate and investment banking for France and the Benelux region, and Jean-Eudes Renier will head up Industrials.
All report to Andrea Orcel, president for international global banking and wealth management and head of international corporate and investment banking. Hoveyda also reports to Bruce Thompson, head of global capital markets.
The bank has suffered a string of senior departures since Bank of America acquired Merrill, most recently losing EMEA Industrials head Mark Echlin and EMEA investment banking head Mark Aedy. (Reporting by Quentin Webb; Editing by David Holmes)