Jeff Kaplan, the global head of mergers and acquisitions (M&A) at Bank of America Merrill Lynch, is planning to resign from his current position, Financial Times reports. He is leaving the bank to become COO of hedge fund group, Appaloosa Management.
Kalpan will be succeeded by Steven Baronoff, who will be rejoining the bank in April 2011, after running the M&A effort at Merrill Lynch from 2000 to 2009. Baronoff will add management of the deals department to his role, serving as a senior adviser to the regional heads running M&A for the bank, as well as to clients.
