Bank of America Merrill Lynch’s Equities Head, Mulholland Retires

Bank of America (BofA) Merrill Lynch's Henry Mulholland, head of Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term for the Americas, has announced his retirement from the bank after a career spanning more than 25 years with BofA.

Mr. Mulholland's tenure witnessed two US stock market crashes and myriad other events, including the global financial crisis and banking cataclysm of 2007-8. He will remain in his role until a new management structure is formulated in the next few weeks, thereby overseeing the transition process.

Mr. Mulholland first began his career at Merrill Lynch in 1990, initially as an analyst at the group’s cash equities desk. Over the next 25 years he rose the ladder and served in a variety of roles in both New York and London, having ultimately advanced to the role of head of equities in 2011.

According to Fabrizio Gallo, head of global equities at BofA Merrill Lynch, in a statement on his retirement, "Henry played a significant role in building a leading franchise for our Americas equities business and navigating the firm through significant changes in our sector. He embodies the core values of the firm and has set an example in delivering excellence to our clients."