Bank of America Merrill Lynch Hires Steven Niemczyk as Global Head of Asset
Management Investment Banking
NEW YORK, Apr. 8 /PRNewswire-AsiaNet/ --
Bank of America Merrill Lynch today announced that Steven J. Niemczyk will
join the company's Global Corporate & Investment Banking business as global head
of Asset Management Investment Banking in June 2009. Niemczyk has been global
head of Asset Management Investment Banking at UBS Limited in London. He will
relocate to New York and report to Michael Rubinoff, head of Global Financial
Institutions Corporate & Investment Banking.
"Bank of America and Merrill Lynch have long been leaders in advising and
raising capital for financial institutions," said Brian T. Moynihan, president of
Global Banking and Wealth Management. "Steve has over 20 years of experience in
financial services investment banking. His hire underscores the combined firm's
continued commitment to this important client sector."
"We expect to see more consolidation and increased capital needs among
financial institutions, including asset managers," said Rubinoff. "Steve's
expertise in advising asset management companies is a vital addition to our
team."
From 2001 to 2006, Niemczyk was a managing director in Morgan Stanley's
Financial Institutions group in New York and London. Niemczyk was a general
partner at Lazard Freres & Co. from 1990 to 2001 where he was a member of the
Supervisory Board, the Opinion Committee and the Lazard/Daiwa SBCM Steering
Committee. He held previous positions with The Blackstone Group and Salomon
Brothers from 1983 to 1990.
Niemczyk holds an M.B.A. degree from Harvard Business School from which he
graduated with distinction in 1983. He received an MSc degree from The London
School of Economics in 1979 and a B.A. in economics from Yale University, from
which he graduated cum laude in 1976.
Bank of America (NYSE: BAC) is one of the world's largest financial
institutions, serving individual consumers, small and middle market businesses
and large corporations with a full range of banking, investing, asset management
and other financial products and services. The company's corporate, commercial,
investment banking, and sales and trading businesses operate under the Bank of
America Merrill Lynch brand. Bank of America Merrill Lynch focuses on companies
with annual revenues of more than $2.5 million; middle-market and large
corporations; institutional investors; financial institutions; and government
entities. It provides innovative services in M&A, equity and debt capital
raising, lending, trading, risk management, research, and liquidity and payments
management. Bank of America Merrill Lynch serves clients in more than 150
countries and has relationships with 99 percent of the U.S. Fortune 500 companies
and 88 percent of the Fortune Global 500. Many of the services for corporate and
institutional clients are provided by Banc of America Securities LLC, Merrill
Lynch, Pierce, Fenner & Smith Incorporated and/or other affiliates of Bank of
SOURCE: Bank of America
CONTACT: Alison MacDonald,
Bank of America,
+1-646-855-5529,
alison.macdonald@bankofamerica.com
(BAC)
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