Bank of America Merrill Lynch related stories
All articles and analysis
Merrill shuts Japanese private equity officeMerrill Lynch Global Private Equity has shut down its Tokyo office four years after setting up there. The firm has not closed a deal in Japan.
- Carlyle rewards team
The global private equity firm has has also promoted 24 employees, the most senior of which are Asian private equity and real estate exeuctives. The promotions follow significant job cuts and office closures the firm announced in December.
- Merrill veteran to head BofA private equity
Bank of America has made 14-year Merrill veteran James Forbes the head of its private equity and real estate business, which includes Merrill Lynch’s $5bn to $6bn private equity division.
- Report: Merrill scales back in Australia
The private equity arm of Merrill Lynch has reportedly reduced its Australian private equity team.
- Ho Ching to leave Temasek
The wife of Singapore’s prime minister will in October cease leading Temasek, which has come under fire for financial services over-exposure. The sovereign fund and avid private equity player will be led by ex-BHP Billiton chief executive Chip Goodyear, a succession that has been planned for 'more than a year'.
- Flowers sees Shinsei-style deals across US
The head of JC Flowers told a packed New York conference last week that he is bullish on US government-assisted bank bailouts, similar in risk profile to the landmark takeover of Japan’s Shinsei bank, which turned into one of the most lucrative private equity deals in history and solidified Flowers’ reputation as a financial-services wizard.
- Thain departure leaves BoA’s private equity arm in limbo
The fate of the bank’s recently created private equity and global investment management division is unknown as the division’s first leader, Brian Moynihan, takes the reins of the merged company’s global banking and global wealth and investment management division.
- Leopard Capital boosts team
The Hong Kong-headquartered firm has augmented its Cambodian operations as it raises a $100m private equity and real estate fund focused on the country.
- Natural Gas Partners names two managing directors
The energy specialist has promoted former Merrill Lynch investment banker David Hayes and former Hunt Oil vice president Colin Raymond from principals to managing directors.
- First Reserve receives $35m break-up fee
Publicly listed energy producer Reliant Energy has concluded the termination of a $350m agreement for a sale of stock to the energy specialist. Reliant also called off a $650m loan agreement with Goldman Sachs.