LONDON, April 10 Bank of America Merrill Lynch
has appointed former Goldman Sachs partner Luigi
Rizzo as head of mergers and acquisitions (M&A) for Europe, the
Middle East and Africa (EMEA), it said on Wednesday.
Rizzo, who will join the bank in August, will be based in
London and report to Adrian Mee, head of international M&A.
Philip Noblet, currently co-head of the EMEA M&A team since
2010, will become chairman of that division.
Rizzo joined Goldman Sachs in 1993 and became a partner in
2008. He worked on some of Europe's biggest bank deals as
managing director of European financial M&A.
Reuters reported in January that he was set to leave the
Wall Street bank.
Bank of America Merrill Lynch moved from tenth place to
fourth for worldwide announced M&A advisory work during the
first quarter of 2013, having worked on 35 deals worth $94
billion, according to Thomson Reuters data.
In the EMEA region, it moved from 13th place to eighth,
having worked on 11 deals worth $17.7 billion.
While U.S. dealmaking has seen a healthy start to the year,
European economies are still struggling and companies are
nervous of doing deals.
EMEA merger activity is down 20 percent so far in 2013, with
deals totalling around $226.4 billion.