Bank of America, which provides a diversified range of banking and non-banking financial services and products, has appointed David Flannery as global head of leveraged finance.

Mr Flannery, who is currently at Deutsche Bank, will be based in New York and report to Bruce Thompson, head of global capital markets. Mr Flannery is expected to commence working at Bank of America in November 2008.

The leveraged finance business at Bank of America includes syndicated loan capital markets and loan distribution, high yield capital markets and syndicate, and leveraged acquisition finance.

Mr Thompson said: Leveraged finance is a core competency of Bank of America. Our leadership in this space is a result of a long-term strategy to develop expertise around financing for non-investment grade companies.