LONDON, March 17 Bank of America Merrill Lynch
has appointed a new head of global insurance investment
banking, poaching Kevin McLoughlin from rival Citigroup.
The bank said in an internal memo on Monday that McLoughlin
will be based in London and report to co-heads of Global
Financial Institutions Investment Banking, Jim O'Neil and Bill
"He will be an important addition to our senior management
team in EMEA (Europe, Middle East and Africa)," the memo said.
BofA added McLoughlin has worked in the industry for more
than 25 years, and was also head of global insurance at Citi.