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.