Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bank of America Hires Former Goldman Sachs Banker Luigi Rizzo

Bank of America Hires Former Goldman Sachs Banker Luigi Rizzo
Bank of America Corp. slipped to eighth among global merger advisers last year from sixth in 2011, data compiled by Bloomberg show. Photographer: Victor J. Blue/Bloomberg

April 10 (Bloomberg) -- Bank of America Corp., the second-largest U.S. lender by assets, hired former Goldman Sachs Group Inc. banker Luigi Rizzo to become head of mergers and acquisitions for Europe, the Middle East and Africa.

Rizzo, 42, will be based in London, when he joins in August, Adrian Mee, head of international mergers and acquisitions, said in a memo to employees today. The contents of the memo were confirmed by a spokeswoman for the bank in London. Philip Noblet, who co-runs the European advisory business, was appointed chairman of the unit.

“These two appointments are important steps and represent further investment in our strategically important global M&A business,” Mee said in the memo.

Bank of America’s investment bank, overseen by the firm’s Co-Chief Operating Officer Thomas K. Montag, has been seeking selective hires after freeing payroll by cutting more than 30 employees, said a person with knowledge of the strategy in March. It has also been overhauling and adding to its investment-banking team in Europe following the exits of Andrea Orcel as chairman of global banking and markets and Jonathan Moulds, the firm’s president of Europe.

The bank last year hired Alex Wilmot-Sitwell from UBS AG as president of its European division and Diego De Giorgi, chief operating officer of Goldman Sachs’s investment-banking division, as joint head of global corporate and investment banking for Europe.

Bank of America slipped to eighth among global merger advisers last year from sixth in 2011, data compiled by Bloomberg show. The bank is also the fourth-largest stock underwriter this year, up from fifth in 2012, the data show.

Rizzo, who joined Goldman Sachs in 1993, specializes in areas including financial mergers and left the firm about January, a person with knowledge of the matter said at that time. He was made a partner at the New York-based firm in 2008.

To contact the reporters on this story: Ambereen Choudhury in London at achoudhury@bloomberg.net; Elisa Martinuzzi in Milan at emartinuzzi@bloomberg.net

To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.