August 4, 2014 / 6:40 AM / in 3 years

Weir Group drops BAML as broker citing conflict of interest

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LONDON, Aug 4 (Reuters) - Weir Group has terminated its corporate broker agreement with Bank of America Merrill Lynch after the bank's appointment by another company created a conflict of interest, the British engineering firm said.

"The Weir Group has terminated its joint corporate broker engagement with Bank of America Merrill Lynch," the group said in a statement.

Weir said that it would continue with its corporate broker agreement with UBS and would make a further announcement regarding future broker contracts.

Weir Group did not name the company whose appointment of BAML created the conflict of interest. (Reporting by Karolin Schaps; editing by Jason Neely)

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