Bank of America Merrill Lynch has reshuffled its debt capital markets team, appointing Andrew Karp and Brendan Hanky as co-heads of global DCM, according to a memo seen by IFR. Karp previously co-ran the US bank's Americas investment-grade capital market business with Hanley. They report to AJ Murphy, head of global capital markets. BAML has realigned its combined DCM and corporate banking teams in Europe, the Middle East and Africa. As a result. Marc Tempelman, who co-headed EMEA corporate banking and debt capital markets, has been appointed vice-chairman of capital markets, reporting to Murphy and Bob Elfring, head of EMEA corporate and investment banking. He will focus on expanding strategic relationships with the bank's key clients.
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