Bank of America Names Two ECM Co-Heads of EMEA, Americas

Bank of America Merrill Lynch has bolstered its Global Equity Capital Markets (ECM) unit by appointing Craig Coben and Mary Ann Deignan as its newest Co-Heads of Europe, Middle East and Africa (EMEA) and the Americas respectively.

ECMs have suffered the same fate as Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term lately, riddled by seemingly low volatilities, which is traditionally emblematic of the summer months. However, this has not stopped Bank of America from fortifying its ECM outfit with two new internal hires that are effective immediately. Furthermore, earlier this month the group made two other hires, naming Paul Simpson as Chief of Global Prime Brokerage and Robert Labriola in its Wealth Management Group.

Low Market Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term, High Equity Activity

According to Jim Probert, Head of Global Capital Markets for Bank of America Merrill Lynch, in a recent statement on the appointments, "Craig and Mary Ann will partner closely to drive the global strategy of our equity capital markets business.” Indeed, this move comes on the heels of an upbeat 2014-year, which has seen Bank of America Equity activity swell 16% in H1.

Mr. Coben has been a part of the Merrill Lynch since 2005 when he joined as the Managing Director of EMEA Equity Capital Markets. Prior to this, he also worked in such roles as Managing Director at Deutsche Bank AG. Alternatively, Mrs. Deignan will be taking up employment with Bank of America Merrill Lynch following a tenure at UBS as Managing Director.