Whispers: February 2, 2009

February 2, 2009

Bank of America has reportedly let go Charles Bingham, head of loan syndications for Europe, the Middle East and Africa, as it works towards its goal of reducing its head count by 35,000 following its acquisition of Merrill Lynch. Bingham was one of roughly 1,900 BofA and Merrill employees cut in London. Their departures comes just after BofA cut two top Merrill guys from its Asia-Pacific debt capital markets team: Ajay Sawhney, head of Asian leveraged finance, and Jon Pratt, head of Asia debt capital markets outside Japan and Australia. Other top Merrill people to have left recently include the firm's former head of U.S. leveraged finance Greg Margolies, who joined Ares Management. He is now a senior partner and head of the capital markets group for the Los Angeles-based alternative asset manager.

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