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Bank of America Merrill Lynch Appoints Loli Wu Managing Director and Head of Americas Transportation and Infrastructure Investment Banking

Posted on: Wednesday, 12 August 2009, 07:00 CDT

NEW YORK, Aug. 12 /PRNewswire/ -- Bank of America Merrill Lynch today announced that Loli Wu has been appointed managing director and head of Americas transportation and infrastructure investment banking. Wu, who will begin in October, will be based in New York and report to John Pratt, global head of aerospace and defense, autos, capital goods and transportation corporate and investment banking. Wu will be responsible for leading the firm's transactions in the transportation and infrastructure sectors, including shipping, railroads, ports, trucking, logistics and airlines.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090812/CL60095LOGO )

"Loli is considered one of the top bankers in the transportation and infrastructure sector with nearly 20 years of experience in the sector and a deep transactional track record," said Pratt. "We look forward to working closely with Loli to leverage his knowledge and leadership as we continue strengthening our transportation and infrastructure practice to meet our clients' evolving needs."

"Bank of America Merrill Lynch is a global leader in transportation and infrastructure corporate and investment banking. Loli's addition enhances our deeply talented team and will position us to gain even greater market share," said Purna Saggurti, global head of industrials, energy and power, and real estate, gaming and lodging corporate and investment banking.

Wu was most recently at Citigroup where he spent more than 12 years, most recently as head of surface transportation and logistics investment banking. Prior to that, he served as a management consultant at A.T. Kearney focused on merger and acquisition advisory and privatization advisory for the transportation industry. He began his career as a reporter for the Journal of Commerce, an influential logistics and shipping industry publication.

Wu received a bachelor's degree in East Asian Studies and Political Science from Yale University in 1989 and a Masters of Business Administration from The Wharton School at the University of Pennsylvania in 1994.

Bank of America

Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company's corporate and investment banking, and sales and trading businesses operate under the Bank of America Merrill Lynch brand. Bank of America Merrill Lynch focuses on middle-market and large corporations, institutional investors, financial institutions and government entities. It provides innovative services in M&A, equity and debt capital raising, lending, trading, risk management, research, and liquidity and payments management. Bank of America Merrill Lynch serves clients in more than 150 countries and has relationships with 99 percent of the U.S. Fortune 500 companies and nearly 96 percent of the Fortune Global 500.

Bank of America Merrill Lynch is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation ("Investment Banking Affiliates"), including, in the United States, Banc of America Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, which are both registered broker-dealers and members of FINRA and SIPC, and, in other jurisdictions, locally registered entities. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteed

SOURCE Bank of America Merrill Lynch

Source: PR Newswire

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