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BAML and UBS to run Co-op Bank sale

UK bank is also weighing up options for raising fresh capital

BAML and UBS to run Co-op Bank sale

Bankers at Bank of America Merrill Lynch and UBS will be fielding calls from potential buyers for The Co-operative Bank after the lender put itself up for sale on Monday.

Arif Vohra, BAML’s co-head of financial institutions investment banking for Europe, the Middle East and Africa, and UBS’s Benjamin Crystal, a managing director in the financial institutions group and head of fintech for Emea, were named on a stock exchange announcement from the Co-op in which it said it is launching a sale process alongside other options for raising capital.

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