BoAML loses prime broker

City A.M. Reporter

LOTTE Burkeman, the Europe, Middle East and Asia head of prime brokerage at Bank of America Merrill Lynch is leaving the firm, two sources said yesterday.

London-based Burkeman, 34, was a former prime brokerage executive at UBS and a former associate at Goldman Sachs and is considered one of the industry’s young rising stars.

One of the sources, who is close to the bank, said that she is leaving for personal reasons.

Bank of America Merrill Lynch declined to comment.

Prime brokers provide services such as stock lending and finance to hedge funds.