Bank of America Corp (BofA) has appointed two new co-heads to its Equity Capital Markets unit in Europe, Middle East, and Africa (EMEA) region, naming Samuel Losada and James Fleming to begin with immediate effect, according to a recent Reuters report.
In their new role as co-heads, both individuals will remain in London and be reporting to Craig Coben and Mary Ann Deignan, BofA’s Global Equity Capital Markets Heads. Both Mr. Losada and Fleming have been with BofA for the past few years.
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Mr. Losada originally joined BofA back in 2010 from Nomura Holdings Inc, having worked as its Head of EMEA Strategic Equity Solutions. Prior to his aforementioned promotion, he worked as BofA’s Co-Head of Global Rates and Currencies Origination in his most recent appointment. Following the shuffle, Mike Joo, BofA’s Co-Head of the Rates and Currencies business with Losada, is slated to become the new head of the unit.
Mr. Fleming worked as BofA’s Co-Head of Asia-Pacific (APAC) capital markets prior to relocating to London back in 2014 to help spearhead the bank’s business for share sales.
Bank of America has been relatively muted in terms of its personnel moves as of late, especially when weighed against rival banks such as Deutsche Bank, Standard Chartered, and others. Deutsche Bank recently announced massive cuts to its London and global business.