Bank of America Capital Markets Head AJ Murphy Leaving the Firm

By Rachel Louise Ensign

AJ Murphy, the head of global capital markets at Bank of America Corp., is leaving the firm, according to people familiar with the matter.

"A.J. Murphy, head of Global Capital Markets, has informed me of her decision to leave the company to pursue a new opportunity at a client," Christian Meissner, head of Global Corporate Investment Banking said in the memo, whose contents were confirmed by a bank spokesman. It isn't clear who the client is.

Ms. Murphy leads the bank's huge capital markets business, which helps arrange debt and equity financing for big companies. In that role, she is one of the most senior bankers -- and women -- in Bank of America's investment banking unit and on Wall Street more broadly.

She joined Bank of America in 2009 in its leveraged loan business and left for a stint as a partner and co-head of leveraged finance in the Americas at Goldman Sachs before returning to the bank in 2015. Ms. Murphy also holds the title of managing director.

Bank of America recently ranked first in the debt capital markets league tables in the U.S. and fifth in equity capital markets, according to first-quarter bank filings citing Dealogic.

The memo said the bank would name a replacement "in the near future."

Write to Rachel Louise Ensign at rachel.ensign@wsj.com

(END) Dow Jones Newswires

May 03, 2018 11:07 ET (15:07 GMT)

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