Bank of America taps Rizzo as head of EMEA investment bank

epa02801634 A Bank of America branch in Times Square, New York, New York, USA, 29 June 2011. Bank of America Corp said on Wednesday that it will pay $8.5 billion to settle claims from investors that lost money on mortgage-backed securities.  EPA/ANDREW GOMBERT



Bank of America Corp appointed Luigi Rizzo as head of investment banking in Europe, the Middle East and Africa as the bank gives some senior employees newly expanded responsibilities in that division.
Rizzo will report locally in his newly created role to Bob Elfring, head of EMEA corporate and investment banking, according to the memo, which was obtained by Bloomberg and confirmed by a spokeswoman at the bank. Rizzo joined the bank in 2013 from Goldman Sachs Group Inc. as head of mergers and acquisitions in the
The bank also expanded the roles of Patrick Ramsey, Jack MacDonald, the co-heads of Americas mergers, and Adrian Mee, head of international mergers. All three will become co-heads of global M&A, according to a separate memo.
“This aligns our regional organization with the global structure that has been established for global investment banking,” Elfring said in the memo about Rizzo’s new role. “All regional investment banking country heads and EMEA industry sector heads will report to Luigi, while also continuing to report to their country executive locally or industry head globally.”
Bank of America ranked fifth in EMEA merger advisory in the last 12 months, after working on deals including Anheuser-Busch InBev SA’s acquisition of SABMiller Plc and Deutsche Boerse AG and London Stock Exchange Group Plc, data compiled by Bloomberg shows.

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