Greenburgh retires as Bank of America hires seven

LONDON, March 29 (BestGrowthStock) – Matthew Greenburgh, one of the
architects of the disastrous 67 billion-pound takeover by three
European banks of ABN AMRO in 2007, has retired from Bank of
America Merrill Lynch (BAC.N: ), according to an internal memo
seen by Reuters.

Greenburgh advised former Royal Bank of Scotland (RBS.L: )
chief Fred Goodwin on the ABN AMRO [ABNNV.UL] deal and worked
for Lloyds Banking Group (LLOY.L: ) on last year’s takeover of
HBOS, which saddled the bank with billions of pounds of bad
debt.

In an interview with the Financial Times, Greenburgh said
after 28 years in banking he was looking at returning to
education, possibly to do a PhD in English literature.

Greenburgh was named Bank of America Merrill Lynch’s
international head of corporate and investment banking for
financial institutions in March 2009.

His clients will be shared between Andrea Orcel, executive
chairman, global banking and markets, and Henrietta Baldock, the
head of financial institutions for Europe, the Middle East and
Africa (EMEA), a person familiar with the matter said.

Bank of America said on Monday it had hired seven people for
its global corporate banking business. Carole Berndt and Wayne
Scott join in London, accompanied by Denise Menelly in New York,
Charles Alexander, Ivo Distelbrink and Tim Fleming in Hong Kong
and Percy Batliwalla in Singapore.

Stock Market News

(Reporting by Victoria Howley)

Greenburgh retires as Bank of America hires seven