Bank of America Merrill Lynch rejigs financial advisory team

City A.M. Reporter
BANK of America Merrill Lynch has reshuffled the senior ranks of its team advising financial institutions on mergers and financing in Europe, as it renews efforts to bring in more investment banking fees from that industry.

Henrietta Baldock, who had already been in charge of the European financial institutions group (FIG) since 2009, will now become chair of the FIG investment banking division, an internal memo showed.

Michael Frieser and Marc Tempelman have been appointed co-heads of financial institutions corporate and investment banking for Europe, the Middle East and Africa (EMEA).

“With this leadership team we are looking to significantly build our market share in this sector,” Christian Meissner, the global head of corporate and investment banking, and Bob Elfring, one of Meissner’s European deputies, said in the memo.

Earlier this week, BAML named capital markets specialist Rupert Hume-Kendall as chairman of corporate and investment banking in EMEA to bolster its coverage of key clients.