BofA Merril Lynch hires ex-RBS bankers to work in EMEA

5 October 2010

Bank of America (BofA) Merril Lynch has hired ten bankers to work as part of its Global Corporate Banking unit based in Europe, the Middle East and Africa (EMEA).

Up to six of the new hires have joined from Royal Bank of Scotland (RBS) while another two were previously employed by Citigroup.

Richard King has been appointed as managing director and head of UK/Ireland Global Corporate Banking while Rufus Beldam has been hired in the same positions for EMEA Energy and Power for Global Corporate Banking.

The former spent 11 years at RBS most recently as head of the Global Industrials Group in Spain, UK and the south of Europe while the latter worked at Citigroup for a total of 26 years with his final 12 months spent on a secondment with the UK’s Treasury department.

Joel Van Dusen, global head of Corporate Banking Coverage, said: “BofA Merrill Lynch sees Global Corporate Banking as one of its highest priorities and greatest opportunities. Our international business is a key focus area for us.

“Through the merger with Merrill Lynch we have dramatically increased the number of client relationships in EMEA to whom we can now provide a complete range of financial solutions.”

Richard Digby, a former senior analyst with RBS, and Andrew Duncan, director in the Structured Finance Oil and Gas team, were among the other hires made by the bank.

By Jim Ottewill

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