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PR Newswire
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Bank of America Merrill Lynch Names A.J. Murphy as Head of Americas Leveraged Loan Capital Markets
NEW YORK, July 8 -- Bank of America Merrill Lynch today announced that A.J. Murphy will join the company as a managing director and head of Americas Leveraged Loan Capital Markets. Murphy, who is currently at J.P. Morgan will be based in New York and report to David Flannery, head of Global Leveraged Finance. She is expected to join the company in October.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050720/CLW086LOGO-b )
In addition to Leveraged Loans, the Leveraged Finance business includes Global Loan Syndications, which continues to be led by Tom Okel, and High Yield Capital Markets, which continues to be led by John Cokinos.
Leveraged Finance is a core competency at Bank of America Merrill Lynch and for the first six months of the year, the company ranked No. 1 in U.S. leveraged loans with 22 percent market share and No. 1 in global high-yield bond underwriting with 18 percent market share.(1)
"We've had a remarkable first half of the year across all areas of the capital markets platform," said Bruce Thompson, head of Global Capital Markets. "Coming at the end of a dynamic economic environment, the results are particularly pleasing. Clients are choosing us for our ability to advise, structure and distribute their capital raises in all market conditions.
"A.J.'s appointment is an exciting development for our Leveraged Finance leadership team and for our clients," Thompson added.
At J.P. Morgan, Murphy is one of the senior officers in the leveraged capital markets group, which includes both leveraged loan and high-yield bond underwriting. Murphy previously worked at Deutsche Bank for nine years in the leveraged debt capital markets group.
"A.J. has more than 10 years of experience in leveraged finance capital raising," Flannery said. "Her appointment will add depth and breadth to our already strong leadership team. Bank of America Merrill Lynch has an award-winning leveraged finance platform(2) and we are committed to maintaining and growing our leadership in the business."
(1) Source: Dealogic as of June 30, 2009
(2) Source: 2008 Americas Leveraged Finance House of the Year awarded by International Financing Review
Bank of America
Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company's corporate, commercial, investment banking, and sales and trading businesses operate under the Bank of America Merrill Lynch brand. Bank of America Merrill Lynch focuses on companies with annual revenues of more than $2.5 million; middle-market and large corporations; institutional investors; financial institutions; and government entities. It provides innovative services in M&A, equity and debt capital raising, lending, trading, risk management, research, and liquidity and payments management. Bank of America Merrill Lynch serves clients in more than 150 countries and has relationships with 99 percent of the U.S. Fortune 500 companies and nearly 96 percent of the Fortune Global 500. Lending, derivatives, and other commercial banking activities are performed by banking affiliates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed by investment banking affiliates of Bank of America Corporation (Investment Banking Affiliates), including Banc of America Securities LLC, and Merrill Lynch, Pierce, Fenner & Smith Incorporated, which are both registered broker-dealers and members of FINRA and SIPC. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteed. For additional information, visit www.bankofamerica.com.
CONTACT: Louise Hennessy of Bank of America, +1-646-855-1403,
Web site: http://www.bankofamerica.com/
