BofA Merrill beefs up EMEA levfin business

BofA Merrill beefs up EMEA levfin business

In a move that signals a desire to build up its leveraged finance business in EMEA, Bank of America Merrill Lynch has created a new management position running origination in the region.

The bank has hired Toby Ali from Credit Suisse for the new job. He will start in November and report to David Ross, who heads the EMEA leveraged finance capital markets group.

Ali will be based in London and work closely with Bruce MacKenzie, head of leveraged finance capital markets and syndicate.

Ali was previously in Credit Suisse’s leveraged finance origination department, where he was managing director. He joined Credit Suisse in 2005 after leaving Lehman Brothers, where he had worked for seven years.

“Leveraged finance continues to present a tremendous opportunity for our firm globally, and we are committed to strengthening our service offering to our clients and capitalising on the successful efforts of our strong team here in EMEA,” said Ross in a memo announcing the hire to employees.

Credit Suisse declined to comment on whether Ali would be replaced.

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