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Bank of America promotes Neil McDermott and Alex Saffy into key equities roles

The US bank plans to build out its Emea equities business

Bank of America's equities trading unit posted revenues of $1.6bn in the first quarter, a decline of 19% compared to a year earlier
Bank of America's equities trading unit posted revenues of $1.6bn in the first quarter, a decline of 19% compared to a year earlier Photo: Sergio Flores/Getty Images

Bank of America has made key appointments to its equities unit in Europe, the Middle East and Africa as it looks to build out the division in the region.

Neil McDermott has been named head of equities distribution for emerging markets, according to an internal memo seen by Financial News.

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