Bank of America Merrill Lynch has hired a banker who until recently was global head of power, utilities and renewables at a rival investment bank to co-head its Americas power team.

Ahmad Masud led Credit Suisse’s global power and utilities investment banking division and was registered with the U.S. Financial Industry Regulatory Authority at the Swiss firm until Aug. 29.

A spokesperson for Credit Suisse in New York confirmed that he left the bank in May.

He now co-heads BAML’s Americas power team along with another Credit Suisse alumnus, Jason Satsky, according to an internal memo circulated in May by Ray Wood, BAML’s head of global power investment banking, and seen by PFR.

A spokesperson for BAML declined to comment, other than to confirm the contents of the memo.

Satsky joined BAML from Credit Suisse along with Wood and Gavin Wolfe in 2012 ( PFR, 5/18/12), and was a managing director in BAML's power group until he was promoted to co-head of the Americas power team this summer.

Ahmad and Satsky are based in New York and report to Wood.

Masud had been at Credit Suisse for 23 years having joined the bank’s mergers and acquisitions group in 1994 and risen through the ranks to become successively head of power M&A, Americas head of power, utilities and renewables and most recently global head of power, utilities and renewables.

Jonathon Kaufman and Chris Radtke have been appointed Americas co-heads of power and renewables at Credit Suisse, according to the bank's spokesperson.

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