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Bank of America Merrill Lynch has been recognised as the 'Best M&A House in the UAE' at the 2015 Euromoney Middle East Awards for Excellence.
The bank has worked on some of the UAE and wider GCC region's highest profile mergers and acquisitions. Some of the prominent transactions include: the €4.1 billion sale of Maroc Telecom to Etisalat by France's Vivendi; Dubai International Capital's $1.7 billion sale of Mauser Group to Clayton, Dubilier& Rice; Ashmore's sale of its controlling stake in Global Environmental Management Services ("GEMS") to Jadwa Investment and its co-investment partners.
Wadih Boueiz, co-head of Corporate and Investment Banking & head of Sovereign Wealth Funds for the Middle East and North Africa at Bank of America Merrill Lynch said:
"We are delighted to have been named the 'Best M&A House in the UAE'. This award is testimony to Bank of America Merrill Lynch's market leading position in M&A transactionsand also a reflection of the quality of talent we attract. We have a unique platform where we combine the best of our global and regional expertise to serve our clients across the region.
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About 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 provides unmatched convenience in the United States, serving approximately 48 million consumer and small business relationships with approximately 4,800 retail financial centers and approximately 15,900 ATMs and award-winning online banking with 31 million active users and approximately 17 million mobile users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in all 50 states, the District of Columbia, the U.S. Virgin Islands, Puerto Rico and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
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, Merrill Lynch, Pierce, Fenner& Smith Incorporated and Merrill Lynch Professional Clearing Corp., all of which are registered broker-dealers and members of FINRA and SIPC, and, in other jurisdictions, by locally registered entities. Merrill Lynch, Pierce, Fenner& Smith Incorporated and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteed.
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www.bankofamerica.com
Contact:
Manash Bhuyan, FTI Consulting, +971 50 8419631
manash.bhuyan@fticonsulting.com
Tamara Khoury, FTI Consulting, +971 56 3485507
Tamara.khoury@fticonsulting.com
© Press Release 2015
