Bank of America Merrill Lynch has named Jeff McLane as president of BofA Business Capital. McLane most recently was head of asset-based capital markets for BofA Merrill Lynch, and has been with the company and predecessor institutions for 15 years. He is based in New York and reports to Laura Whitley, middle market banking executive in global commercial banking.
McLane leads a team of nearly 400 people in more than 20 offices responsible for asset-based loan origination, underwriting and portfolio management with clients in the US, Canada, Asia and Europe.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.