Bank of America’s global mining head Omar Davis, one of the most senior bankers covering the sector, is retiring.
London-based Davis will remain with the Wall Street bank over the coming month as he hands over the reins to Ben Davies, who’s most recently run the same business in Europe, the Middle East and Africa, according to an internal memo seen by Bloomberg News.
During almost two decades with Bank of America, Davis has helped cultivate relationships with mining giants including Glencore Plc and Anglo American Plc.
His replacement, Davies, joined Bank of America from rival JPMorgan Chase & Co. in 2017, according to his LinkedIn profile. Davies will be succeeded as head of EMEA mining by Pete Surr.
A representative for Bank of America confirmed the contents of the memo.
Bank of America’s work in the global metals and mining sector during the last 18 months has included roles advising Canada’s Agnico Eagle Mines on a C$13.4-billion ($10.1-billion) merger of equals with Kirkland Lake Gold, and Glencore on the sale of an Australian copper mine to Metals Acquisition, according to data compiled by Bloomberg.