Bank of America Merrill Lynch has elevated Lisa Carnoy, recently dubbed “the $19bn (€13.7bn) woman” for her role in a record fundraising by the bank last year, to co-head of global capital markets.

The bank said in a statement yesterday that Lisa Carnoy, previously head of global equity and equity-linked capital markets, and Alastair Borthwick, previously head of global investment-grade capital markets, have been promoted following the appointment of Bruce Thompson as chief risk officer for the firm. Thompson was previously formerly sole head of global capital markets.