Tomahawk, WI 07/29/2014 (Basicsmedia) –Bank of America Corporation (NYSE:BAC) changed its management and leadership position. The co-heads of global equity capital market were named after Craig Coben and Mary Ann Deignan which was in the initial public offering.
Global Equity Capital Market Head of BAC Changed
Coben previously was supposed to be the head of ECM (Enterprise Content Management) for Middle East and Africa will now overlook this region. Deignan, previously was the head of Americas ECM. The above were authenticated by a spokes person of Bank of America, john Yiannacopoulous.
Optimization to maintain and improve Cross border listings
Cross border listings for the Bank of America Corporation (NYSE:BAC) are very crucial as initial offering from the companies increased manifold times in a span of less than six months. The offering raised a capital of $25.7 billion globally and $2 billion exclusively from the IPO of Chinese e-commerce company J D.com Inc in May which was the largest cross border listings. These data were compiled by a law firm Baker & McKenzie LLP. Bank of America which is based in Charlotte, North Carolina.
Also Dan Cummings left the position of global equity capital market head about three years ago. Butter later started to lead the international wealth management unit of the multinational banker. The technology equity capital markets head, J. D. Moriarty will increase his responsibility by taking over the designation of the head of Americas ECM.
Revision in the Prime Brokerage Head
Another change in the management which took place was the change in the prime brokerage which was formerly headed by Stuart Hendel. Paul Simpson succeeded Hendel to take over this position and continue the smooth operation of the prime brokerage department. Simpson, 47 was the head of the bank’s global transaction service business and now has an added responsibility to look over the brokerages along with the transactions.