Bank of America has named a new head of private capital markets in Europe, the latest change at the top of the bank's equity advisory team amid a boom in revenues in the sector.

Aga Masud has been named head of private capital markets for Europe the Middle East and Africa at the US bank, according to an internal memo seen by Financial News. She will also retain her current role overseeing clients within the Germany, Austria and Switzerland regions, the memo from James Palmer, head of Emea ECM and John Collmer, head of global private capital markets.