Thursday 3 May 2012

UPDATE 1-BofA exodus continues as top MENA banker resigns | Reuters

Bank of America Corp's investment banking head for Middle East, North Africa and Turkey, Waleed El-Amir, has resigned, a source familiar with the matter said on Thursday, the latest top banker to leave the U.S. lender.

El-Amir, a veteran Merrill Lynch banker, has been with the bank for 16 years and has been leading the bank's regional investment banking operations from Dubai since 2008.

A spokeswoman for the bank in Dubai declined comment. The source declined to be identified as the matter has not been made public.

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