Bloomberg News

Bank of America Combines U.S. Leveraged-Loan Sales Forces

June 01, 2011

June 1 (Bloomberg) -- Bank of America Corp., the largest underwriter of U.S. leveraged loans this year, has combined most if its loan sales forces into one team to be co-headed by Douglas Antonacci and Howard Sysler.

The group will have primary responsibility for marketing the bank’s largest new-issue term loans, according to an internal memo obtained by Bloomberg News. Antonacci and Sysler will report to Steve Hollender and Gerry Walker, co-heads of credit sales. Kerrie McHugh, a Bank of America spokeswoman, confirmed the contents of the memo.

To contact the reporter on this story: Kristen Haunss in New York at khaunss@bloomberg.net

To contact the editor responsible for this story: Chapin Wright at cwright4@bloomberg.net


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