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BofA Securities, Inc., previously Bank of America Merrill Lynch (BAML), is an American multinational
In April 2011, Bank of America Merrill Lynch integrated its corporate and investment banking operations into a single division.
In October 2013, Bank of America Merrill Lynch was recognized as the Most Innovative Investment Bank of the Year in '' The Banker's'' Investment Banking Awards.
In February 2019, Bank of America announced a rebrand of its investment banking division to "BofA Securities".
Bank of America Merrill Lynch is organized within four geographic divisions:
* Asia Pacific - Headquartered at Cheung Kong Center in
Official siteDecommissioned official site with redirect links
{{Authority control Bank of America Merrill (company) Primary dealers American companies established in 2009 Financial services companies established in 2009 Banks established in 2009 Investment banks in the United States Banks based in New York City 2009 establishments in New York City
investment bank
Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort.
In finance, the purpose of investing i ...
ing division under the auspices of Bank of America
The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina. The bank ...
. It is not to be confused with Merrill, the stock brokerage and trading platform subsidiary of Bank of America.
It provides services in mergers and acquisitions, equity
Equity may refer to:
Finance, accounting and ownership
*Equity (finance), ownership of assets that have liabilities attached to them
** Stock, equity based on original contributions of cash or other value to a business
** Home equity, the diff ...
and debt
Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase. The ...
capital markets, lending, trading, risk management, research
Research is "creative and systematic work undertaken to increase the stock of knowledge". It involves the collection, organization and analysis of evidence to increase understanding of a topic, characterized by a particular attentiveness ...
, and liquidity and payments management. It was formed through the combination of the corporate and investment banking activities of Bank of America and Merrill Lynch & Co. following the acquisition of the latter by the former in January 2009.
History
Bank of America completed the acquisition of Merrill Lynch & Co on January 1, 2009. Bank of America began rebranding all of its corporate and investment banking activities under the ''Bank of America Merrill Lynch'' name in September 2009.
In April 2011, Bank of America Merrill Lynch integrated its corporate and investment banking operations into a single division.
In October 2013, Bank of America Merrill Lynch was recognized as the Most Innovative Investment Bank of the Year in '' The Banker's'' Investment Banking Awards.
In February 2019, Bank of America announced a rebrand of its investment banking division to "BofA Securities".
Operations
Bank of America Merrill Lynch is organized within four geographic divisions:
* Asia Pacific - Headquartered at Cheung Kong Center in Hong Kong
Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a List of cities in China, city and Special administrative regions of China, special ...
* Europe, Middle East & Africa - Headquartered at Bank of America Merrill Lynch Financial Centre in London
London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...
* Latin America and U.S. & Canada
Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by to ...
- Headquartered at Bank of America Tower, New York (also the global head office) The institution also maintains a large presence at the Bank of America Tower in Jacksonville
Market share
Bank of America Merrill Lynch achieved the second-highest revenues of any investment bank worldwide in 2010, with a global market share of 6.8 per cent. In that year it achieved the highest revenues of any investment bank worldwide in both leveraged loans and asset-backed securities. In 2011, Bank of America Merrill Lynch again achieved the second-highest revenues of any investment bank worldwide (after J.P. Morgan & Co.), with a global market share of 7.4 per cent.References
External links
Official site
{{Authority control Bank of America Merrill (company) Primary dealers American companies established in 2009 Financial services companies established in 2009 Banks established in 2009 Investment banks in the United States Banks based in New York City 2009 establishments in New York City