BofA’s Global Co-Head of ECM Deignan Said to Leave for Lazardby and
Mary Ann Deignan resigned from firm this week, people say
Deignan is joining Lazard in corporate preparedness division
Mary Ann Deignan, co-head of global equity capital markets at Bank of America Corp. is leaving the firm to join Lazard Ltd., according to people familiar with the matter.
Deignan, who resigned in New York this week, will be part of Lazard’s corporate preparedness division, the people said, asking not to be named as the details aren’t public. A representative for Bank of America declined to comment and Lazard and Deignan couldn’t be immediately reached.
Companies globally have raised $291 billion from initial public offerings and secondary share sales this year, less than half of what they sold in the same period in 2015, according to data compiled by Bloomberg, as political uncertainty across key markets made investors nervous. The U.S. accounted for $101 billion of the capital raised, the largest amount from any market, and Bank of America was ranked third in managing equity offerings there.
Deignan was named global co-head along with Craig Coben in July 2014, having previously been head of Americas ECM at the bank. She joined Bank of America in 2011 from UBS Group AG.