Bank of America Capital Markets Head AJ Murphy Leaving For Silver Lake -- Update
May 03 2018 - 12:12PM
Dow Jones News
By Rachel Louise Ensign
AJ Murphy, the head of Bank of America Corp.'s capital-markets
business and one of the most senior women on Wall Street, is
leaving the firm to join private-equity giant Silver Lake,
according to people familiar with the matter.
The bank announced Ms. Murphy's departure in an internal memo
Thursday, which was reviewed by The Wall Street Journal and
confirmed by a bank spokesman. It said she was going to work for a
client of the firm.
People familiar with the matter said she would be a senior
executive at Silver Lake's main private-equity fund, which focuses
on big technology companies and counts Dell Inc. and Chinese
e-commerce firm Alibaba Group Holding Ltd. among its
investments.
Ms. Murphy is expected to start this summer and will focus on
finding and structuring new investments, advising portfolio
companies and potentially serving on boards of directors on Silver
Lake's behalf, the people said.
Ms. Murphy leads Bank of America's global capital-markets
business, which helps arrange debt and equity financing for
companies. She joined Bank of America in 2009 in its leveraged loan
business. She left for a brief stint as a partner and senior banker
at Goldman Sachs Group Inc. before returning to Bank of America in
2015.
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 11:57 ET (15:57 GMT)
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