Interview: Bank of America Merrill Lynch
Since the Bank of America takeover in September of last year, the commodities business of Merrill Lynch has been forging ahead with plans it had in place before the interruption of the financial crisis. Rachel Morison talks to co-heads of global commodities at Bank of America Merrill Lynch, David Goodman and Rob Jones, about future plans
Over the weekend of September 14 last year, the news that Lehman Brothers was filing for bankruptcy and Bank of America was taking over Merrill Lynch in a $50 billion deal changed the face of global markets. The takeover ended the 94-year independence of Merrill, merging it with America’s largest retail bank.
The commodities franchise of the new business falls within the global banking and markets division. Tom Montag, who had been head of global sales and trading at Merrill since August, was
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