Bank of America Merrill Lynch related stories
All articles and analysis
Citi Asia head leaves businessDavid Schaefer, managing director and head of the Asia Pacific region for New York-based Citi Property Investors, left the firm at the beginning of the month. He was based at the firm's Hong Kong office. Schaefer's departure is the second high-profile loss in Asia after Tim Grady left Merrill Lynch earlier this month.
- Norway oil fund puts brakes on RE spending plans
Norway’s ministry of finance has signalled its intention to delay its real estate investment plans as global market conditions continue to deteriorate. The €267bn pension has allocated 5% to real estate, but said it will not impose a 'fixed investment plan' in the current environment.
- Head of Merrill Lynch Real Estate in Asia quits
Tim Grady, the head of global commercial real estate in Asia Pacific for Merrill Lynch has quit in the latest personnel change since the bank was acquired by Bank of America last year.
- Tunnelling for daylight
There is a newfound sense of optimism among private equity real estate pros, even given the major challenges facing the industry.
- Merrill Lynch veteran to head BofA private equity
Bank of America has made 14-year Merrill Lynch veteran James Forbes the head of its real estate and private equity business.
- KK daVinci poised for $4.5bn sale
Tokyo-based KK daVinci is reportedly in talks to sell three prime offices in the city. A sale would come hot-on-the-heels of the firm’s $142 million divestment of the Lietocourt Arx residential tower to Kuwait’s St Martins Group.
- Flowers sees Shinsei-style deals across US
The head of JC Flowers told a packed New York conference last week that he is bullish on US government-assisted bank bailouts, similar in risk profile to the landmark takeover of Japan’s Shinsei bank, which turned into one of the most lucrative private equity deals in history and solidified Flowers’ reputation as a financial-services wizard.
- AIG seeks sale of property fund management arm
AIG Global Real Estate, the property investor and fund management arm of global insurance and financial services company AIG, is planning the sale of its fund management business. Financial details were not disclosed.
- Leopard Capital boosts team
The Hong Kong-headquartered firm has augmented its Cambodian operations as it raises a $100m private equity and real estate fund focused on the country.
- Carlyle refinances European factory outlet company
The Carlyle Group has received fresh investment from an unnamed sovereign wealth fund for portfolio company, Freeport, which develops factory outlet centres in Europe.