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MOVES-BofA names new head of EMEA Aerospace and Defence, memo shows
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MOVES-BofA names new head of EMEA Aerospace and Defence, memo shows
Apr 8, 2024 6:38 AM

April 8 (Reuters) - Bank of America ( BAC ) has tapped

an insider to lead its unit that covers clients in the aerospace

and defence, industrial, and automotive sectors across the

Europe, Middle East, and Africa (EMEA) region, weeks after the

second-largest U.S. lender made several leadership changes in

its capital markets business.

The bank named Rowland Phillips, who joined the company in

2011 and is currently a managing director, as the head of EMEA

Aerospace and Defence, according to an internal memo seen by

Reuters.

The executive will work to further expand BofA's coverage of

clients in those sectors and join the global industrials group,

while continuing to lead coverage of its key UK industrials

accounts, the memo said.

He will be based in London, where he will report to Justin

Anstee, the bank's head of industrials for EMEA.

The move comes amid a series of leadership changes at the

bank, including setting up a new advisory group last month

called capital markets advisory to better align its offering

amid a volatile macroeconomic and geopolitical environment.

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