Previously, he was the head of global industrial M&A for Banc of America
Securities as well as managing director, M&A at Merrill Lynch, Pierce, Fenner & Smith.
He served as chief executive of Banc of America
Specialist, a registered Broker/Dealer and Designated Market Maker at the New York Stock Exchange.
That debt is restitution owed Banc of America
Leasing & Capital LLC, a subsidiary of Bank of America.
It also ordered Merrill Lynch, Pierce, Fenner & Smith Inc., as successor for Banc of America
Investment Services, Inc., to pay a fine of USD 900,000 and to reimburse approximately USD 1.1m in losses to 214 customers.
Between 1998 and 2005, Sandelman held a number of executive positions at Banc of America
Securities, including Head of Debt and Equities and was responsible for all of the market risk and strategic direction of the firm's trading, distribution and new products development efforts.
Banc of America
, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Citi, HSBC, National Bank of Abu Dhabi, Royal Bank of Scotland, Societe Generale, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation are leading the transaction, according to a report from Reuters.
The subpoenas cover documents and records from Banc of America
Securities Llc regarding two collateralised loan obligations, LCM VII Limited and Bryn Mawr CLO II Limited, which were structured and sold in 2007, the report noted.
The buyer will take on responsibilities for the new assignments during December, it said.Country: USA, Sector: Banking/Financial ServicesTarget: BofA Merrill Lyncha[euro](tm)s DMM businessBuyer: GETCO Vendor: BofA Merrill Lynch, Banc of America
Specialists IncType: Corporate acquisitionStatus: Closed
Prior to Philadelphia Insurance Cos., Glomb worked for six years at Banc of America
Securities LLC in its financial institutions investment banking practice.
[R]e-xSeptember[R]e-es jump in cash levels and lower equity exposure shows that investors[R]e-e risk appetite lags their confidence in the recovery,[R]e-EN said Gary Baker, head of European equity strategy at Banc of America
Securities-Merrill Lynch Research.
Summary: Banc of America
Securities-Merrill Lynch Research has raised its global economic growth forecasts for 2010 to 3.7 percent from 3.2 percent, driven by signs of recovery in the United States and China.