Bank of America has appointed Jérôme Morisseau as its head of investment banking for France as it seeks to bolster its Paris franchise and win more business from large French clients, a memo seen by Reuters said.
The U.S. bank has also named veteran French banker Stéphane Courbon as chairman of corporate and investment banking for France.The appointments are part of a top level management reshuffle in Paris and follow the recent departures of senior deal-makers Bernard Mourad and Luigi Rizzo who used to head investment banking in France and EMEA, respectively.
The value of French mergers and acquisitions rose 2per cent last year to US$193 billion, the third highest in the past decade, according to Refinitiv data.AdvertisementThe likes of Centerview and Evercore have been looking to poach senior bankers in Paris who can boast long-standing relationships with the country's major companies.
Meanwhile the bank's current head of EMEA corporate banking Fernando Vicario will take on an additional role as head of EU corporate and investment banking and will be based in Paris.