Bank of America Merrill Lynch has promoted two former Financial News Rising Stars to run European equity capital markets, filling a gap left after Craig Coben was elevated to global co-head of the business 18 months ago.

The US bank has appointed London-based James Fleming and Samuel Losada as co-heads of ECM for Europe, the Middle East and Africa, according to a January 20 memo seen by Financial News that was sent to staff by Jim Probert, BAML's head of global capital markets, and Bob Elfring, head of Emea global corporate and investment banking.