Bank of America Merrill Lynch promotes Jim O’Neil to co-head of its European corporate and investment bank

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The Square Mile - London's Financial District
The EMEA corporate and investment bank is based in London (Source: Getty)

Bank of America Merrill Lynch has promoted Jim O’Neil to co-head of its EMEA corporate and investment banking division, the firm told its employees today.

O’Neil will partner Bob Elfring in leading the Europe, Middle East and Africa section of the bank, which is based in London, in a move which the bank said will “propel the growth of our business”.

O’Neil has spent more than 20 years at the bank, starting in 1993 in New York before moving to London in 1999.

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He became head of international corporate finance and restructuring in 2008, before leaving in 2010 to join UK Financial Investments (UKFI).

O’Neil was eventually appointed chief executive of UKFI, the arm’s-length government company created to manage the shareholding in Royal Bank of Scotland after it was nationalised during the financial crisis, as well as the so-called bad bank set up after the collapse of Northern Rock and Bradford and Bingley.

He rejoined Bank of America Merrill Lynch in 2013, leading its global financial institutions group.

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