FINSwire Mar 15 2011

BofA Merrill Lynch to Hire Team for Benelux Banking Coverage

By julie steinberg

Bank of America Merrill Lynch has appointed Bob Elfring to a new role as head of investment banking for Benelux and Northern Europe, the firm announced today. Elfring will join BofA Merrill Lynch from Credit Suisse, where he was head of investment banking for Northern Europe, including Benelux and Scandinavia.

Elfring will assume his responsibilities in July and will be based in Amsterdam. He will report to Christian Meissner, head of Europe, Middle East and Africa investment banking. Elfring will work toward establishing a team in Amsterdam to complement London-based coverage of the region, according to the announcement.

He will partner with Luc Remont, head of corporate and investment banking for BofA Merrill in France, Belgium and Luxembourg. Harri Sundvik will continue as head of Nordic investment banking and will report to Elfring.

Elfring joined Credit Suisse in January 2009. Prior to that, he worked for eight years at Lehman Brothers, where he served as co-head of the global industrials groups and previously as head of investment banking for Benelux.

In the announcement, the bank said the Benelux and Nordics business is a "rapidly increasing area of focus" and hopes to build its market share in the area.

Write to Julie Steinberg

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