Bank of America Merrill Lynch turns to Goldman for dealmaker

 
David Hellier
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BANK of America Merrill Lynch yesterday moved to bolster its performance in European M&A by hiring a new head, Luigi Rizzo.

Rizzo, who left Goldman Sachs in January, will join his new employers in August.

“Luigi brings to us over 20 years of M&A experience at Goldman Sachs where he was a managing director and partner,” said Bank of America Merrill Lynch (BoAML) yesterday.

Most recently, he was a leader in Goldman Sachs’ financial institutions advisory practice across Europe Middle East and Africa (EMEA), where he did several deals in Spain including the restructuring of Bankia.

BoAML has been performing well in equity capital markets transactions within EMEA but less well in M&A.

Philip Noblet, who co-led the EMEA M&A team since 2010, has been appointed chairman of EMEA M&A.

Yesterday BoAML moved in to top position in EMEA block trades after it co-handled the sale of a £2bn stake in the Airbus owners EADS by media group Lagardere. Its position in EMEA M&A is seventh, however, and has been concern for some at the bank.

Rizzo will be based in London and report to Adrian Mee, head of international M&A.