Finance

Bank of America hires Goldman’s Malhotra in leverage finance leadership role

Bank of America re-hired a senior Goldman Sachs dealmaker to lead its leveraged finance origination business in Europe.

Uday Malhotra will join Bank of America as head of leveraged finance origination for Europe, the Middle East and Africa, according to an internal memo seen by Financial News.

Malhotra has spent nearly 12 years at Goldman Sachs in senior roles within its leveraged finance business. He joined in 2009 after eight years at Merrill Lynch, which Bank of America acquired after the 2008 financial crisis. Malhotra was latterly head of origination, Emea leveraged finance at Goldman.

READ Credit Suisse hires Bank of America’s leveraged finance capital markets boss Bishay

He will replace Eddie Martin, who is set to move to the US to join Bank of America’s private capital and investment banking team on the West Coast. Malhotra will report into Rahul Srinivasan, head of Emea leveraged finance at the bank.

These are the latest changes at the top of Bank of America’s leveraged finance business in Europe. In March, it named Murad Khaled as head of EMEA leveraged finance capital markets, following the departure of Joe Bishay, who has moved to Credit Suisse.

“Uday will build on his extensive product experience and longstanding relationships to help coordinate client coverage across the region,” Srinivasan wrote on Malhotra’s appointment.

To contact the author of this story with feedback or news, email Paul Clarke

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