Bank of America Merrill Lynch Wins Loan House, U.S. High-Yield House and U.S. Structured Equity House in International Financing Review’s 2010 Review of the Year
NEW YORK, Dec 22, 2010 (BUSINESS WIRE) — Bank of America Merrill Lynch announced today that it received several awards from International Financing Review (IFR) magazine.
The awards include:
– Loan House of the Year
– U.S. High-Yield Bond House
– U.S. Structured Equity House
"Our banking and markets professionals continue to deliver for our clients by providing strategic advice and access to capital globally," said Alastair Borthwick, co-head of Global Capital Markets.
International Financing Review's 2010 Review of the Year focuses on, among other things, how institutions have progressed and adapted to the trends that have driven market activity during the year.
Explaining the rationale for choosing Bank of America Merrill Lynch as 2010 Loan House, International Financing Review notes that "in a year of plain vanilla deals, BofA Merrill's creativity stood like an oasis."
The magazine also noted that "innovation is the lifeblood of the BofA Merrill convertible bond franchise" and that the bank uncovered new investor types to keep the convertible bond market relevant in 2010. In addition, IFR named the company U.S. High-Yield Bond House based on the "team's consistent show of excellence in a wide range of transactions from the relatively simple to the difficult and creative," proving "that issuers and sponsors were identifying BofA Merrill as the partner they needed."
"This recognition is a testament to our ability to provide creativity, thought leadership and innovation across products and markets," noted Lisa Carnoy, co-head of Global Capital Markets.
These awards are the latest in a series of awards for innovation and creativity that Bank of America Merrill Lynch has received this year. In October 2010, the company was named Most Innovative Investment Bank for North America, Loans & Leveraged Finance, and Prime Brokerage by The Banker magazine.
Bank of America
Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 57 million consumer and small business relationships with approximately 5,900 retail banking offices and approximately 18,000 ATMs and award-winning online banking with 29 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.
Bank of America Merrill Lynch is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation ("Investment Banking Affiliates"), including, in the United States, Banc of America Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, which are both registered broker-dealers and members of FINRA and SIPC, and, in other jurisdictions, locally registered entities. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteed.
Copyright 2010 Bank of America Corporation. All rights reserved. Bank of America, Merrill Lynch, Broadcort and their logos are trademarks of Bank of America Corporation and/or its affiliates.
SOURCE: Bank of America Merrill Lynch