Marc Tempelman is co-head of Corporate Banking and Debt Capital Markets for EMEA at Bank of America Merrill Lynch. He joined the firm in 1997 as an associate and has since held a number of senior positions in London, Paris and New York. Here, Marc answers some key questions about Bank of America Merrill Lynch.
How would you introduce Bank of America Merrill Lynch to students?
Bank of America Merrill Lynch is a leading diversified banking organisation. Through our global operations we provide a range of client services across the full spectrum of corporate and investment banking.
Graduate recruitment is of paramount importance to everyone at the firm, including our most senior management. We are one of the largest employers of emerging talent worldwide and are fully committed to ensuring that our graduate intake is as diverse as possible.
Where and when did Bank of America Merrill Lynch start life, and what would you say are the key milestones in its history?
Bank of America Merrill Lynch came into existence at the beginning of 2009, following the merger between financial services firm Bank of America and investment banking group Merrill Lynch.
In 2014, five years into our existence as a merged organisation, we were recognised by Euromoney as the world’s number one investment bank and as the leading global transaction services house. It was the first time in history that a bank had been presented with both awards in the same year, which underscores the power of our integrated corporate and investment banking business.
In 2013, Bank of America Merrill Lynch also ranked as the world’s number one investment bank in terms of overall revenues according to the industry’s leading data provider, Dealogic.
What are the main areas of Bank of America Merrill Lynch's business today?
The organisation comprises core service offerings across Global Corporate & Investment Banking and Global Markets.
Our Investment Banking division serves large institutions and corporations, governments and sovereign entities. Core services include mergers and acquisitions (M&A), leveraged finance, and services for financial sponsors such as private equity firms.
Our Corporate Banking division supports both medium-size businesses and large institutions and corporations. Key services include lending, treasury services, debt and equity capital markets and advisory services.
The Global Markets division provides companies and institutions with sales and trading solutions in a number of areas, including debt, equity, foreign exchange and commodities.
What makes Bank of America Merrill Lynch stand out as a graduate employer in financial services?
We’re part of a small group of multi-product banking organisations offering a combination of investment banking and corporate banking services and, more importantly, the same high quality expertise on both sides of the business.
We are also one of very few firms in a position to offer our clients a truly global service: we have offices on three continents, serving clients in more than 90 countries. Our global reach makes us a leading provider of cross-border M&A services and other multinational business solutions.
Why did you choose to work for Bank of America Merrill Lynch and what keeps you there?
When I joined the firm as an associate 18 years ago it was purely a case of being delighted that they wanted me!
What’s kept me here since then is the simple fact that all the things that were offered to me when I first joined have actually come true. I wanted to work in an environment that was fast-paced, where opportunities for promotion – provided I worked hard and met the firm’s goals – would come quickly to me, and where I would be able to pursue an international career.
After beginning my career in London, I’ve managed teams in New York, and also worked in Paris. I’ve seen many of my colleagues follow a comparable path and enjoy similar opportunities.
Can you give a surprising fact about Bank of America Merrill Lynch?
We have an active volunteering programme and last year alone Bank of America Merrill Lynch employees in the UK volunteered over 35,000 hours of their time to good causes.
Our UK employees also contributed £1.3 million to charitable causes in 2014 through payroll donations.
Overall our firm has donated over £4.4 million to schools and organisations through grants, fundraising efforts and employee donations in the UK. We are passionate about giving back to our communities.