Saturday, 6 February 2016
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Feb 23 2010 | 7:47am ET
The former head of Citadel Investment Group’s nascent investment banking unit has returned to Merrill Lynch, where he worked for 22 years.
Todd Kaplan will serve as vice chairman of global banking at Bank of America, which acquired Merrill Lynch at the end of 2008. He served as head of global leveraged finance and head of global principal investments at Merrill before joining Citadel.
Kaplan spent only nine months at the Chicago alternative investment giant’s Citadel Securities, which has hemorrhaged top executives in recent months. He resigned from the firm in January without explanation.
Kaplan will be joined a vice chairman at BofA by another longtime Merrill veteran, Sam Chapin. Chapin worked for 26 years at Merrill before leaving last March. He has not worked at another firm since then.