Bank of America Merill Lynch’s global head of capital markets Alice “AJ” Murphy is leaving the bank for a position at a private equity shop Silver Lake.

The bank announced Ms. Murphy’s departure in an internal memo on Thursday, which was reviewed by The Wall Street Journal and confirmed by a bank spokesman.

She would be a senior executive at Silver Lake’s main private-equity fund, which focuses on big technology companies and counts Dell Inc. and Chinese e-commerce firm Alibaba Group Holding Ltd. among its investments.

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A.J. Murphy, whose round trip from Bank of America to Goldman Sachs and bank captured the financial industry’s attention four years ago, is one of only a handful of high ranking women in capital markets globally. She was named global head a little more than two years ago.

Her rise to running capital markets at BAML has been sudden. Murphy had quit her BAML role as head of leveraged finance in 2014 to join Goldman as a partner in a new role of head of leveraged finance origination.

But she came back to BAML less than a year later taking essentially the same job she held when she left the bank in 2014.

Despite her rise at BAML Silver Lake made an offer she couldn't refuse. Typically the private equity firm likes to groom talent internally only rarely making high profile hires.


Murphy joins Silver Lake as a managing director with a "broad role covering four main areas, according to sources familiar with the move.

She will be involved in business development, investing, operational improvement of Silver Lake portfolio companies and representing the firm on corporate boards.

"(Murphy) has advised many of our firm's most important clients across a wide range of sectors and has helped build our global capital markets franchise into a world leading platform," said BAML's global investment banking head Christian Meissner in a memo obtained by IFR.

Meissner said the bank will announce Murphy's replacement in the near future. In the meantime, Murphy will continue working with BAML over the next few weeks to ensure a smooth transition, he said.

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