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