On the right track

The prime brokerage unit of Bank of America Merrill Lynch has been fundamentally remodelled over the past 12 months. The changes are starting to pay dividends.


The reorganisation of Bank of America Merrill Lynch’s (BAML) trading and capital markets operations in 2009 has given its prime brokerage business a new lease of life. The unit has seen a sharp increase in asset balances and account openings since the final quarter of 2009, according to Steve Keller, the bank’s head of Americas financing sales.

BAML has opened “a record number” of prime brokerage accounts in the past three months, Keller says. “In percentage terms our balances in the traditional

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here