Bank of America appoints a new head of Americas Leveraged Loan Capital Markets

Bank of America Merrill Lynch today declared that A.J. Murphy will hold an appointment as a managing director and head of Americas Leveraged Loan Capital Markets. Murphy, who has more than 10 years of experience in leveraged finance capital raising, will be based in New York and report to David Flannery, head of Global Leveraged Finance.

A.J. Murphy, who is currently one of the senior officers in the leveraged capital markets group at J.P. Morgan, is expected to join the company in October.

Leveraged Finance is a core competency at Bank of America Merrill Lynch and for the first six months of the year, the company ranked No. 1 in U.S. leveraged loans with 22 % market share and No. 1 in global high-yield bond underwriting with 18 % market share.

"We've had a remarkable first half of the year across all areas of the capital markets platform," said Bruce Thompson, head of Global Capital Markets. "Coming at the end of a dynamic economic environment, the results are particularly pleasing. Clients are choosing us for our ability to advise, structure and distribute their capital raises in all market conditions."

"A.J.'s appointment is an exciting development for our Leveraged Finance leadership team and for our clients," Thompson added.