- Appointments come after BofA ranked top in ECM in the region
- Losada and Fleming will report to global heads of ECM
Bank of America Corp. has named Samuel Losada and James Fleming as co-heads of equity capital markets for Europe, the Middle East and Africa.
Losada, 36, and Fleming, 37, will remain in London and report to global equity capital markets heads Craig Coben and Mary Ann Deignan, according to an internal memo obtained by Bloomberg. A London-based spokeswoman for Bank of America confirmed the contents of the memo.
There were more than 1,000 deals in EMEA’s equity capital markets last year, the most since 2007, as companies sold shares and other instruments to strengthen their balance sheets, according to data compiled by Bloomberg. Bank of America ranked first among arrangers of equity, equity-linked and rights offerings in the region last year, beating out Goldman Sachs Group Inc.
Losada, a Swiss and Spanish national, joined Bank of America from Nomura Holdings Inc. in 2010 as head of EMEA strategic equity solutions and helped build the business into a top-three franchise, according to the memo. He was most recently co-head of global rates and currencies origination.
Mike Joo, who was co-head of the rates and currencies business with Losada, will become sole head of the unit, the memo said.
Fleming, who is British, was co-head of Asia Pacific capital markets before relocating to London in 2014 to lead the U.K. business for share sales, the memo shows.
Losada’s team worked on Aabar Investments PJSC’s 2 billion euro ($2.2 billion) sale of bonds exchangeable for shares in UniCredit SpA in March, and arranged financing when Discovery Communications Inc. and Liberty Global Plc bought a combined 6.8 percent stake in Lions Gate Entertainment Corp. in November.
Fleming’s team was involved in the initial public offering of Auto Trader Group Plc last year. Losada and Fleming also worked on the IPO of payment processor Worldpay Group Plc, the largest in the U.K. in 2015, as well as a related margin loan for private equity owners Advent International Corp. and Bain Capital Partners.