BAML hires Warburg veteran as City's senior ranks shift again

Four of the top five investment banks in the UK by fees this year have seen senior-level changes to their City teams

Bank of America Merrill Lynch has hired a veteran SG Warburg and UBS banker in London, the latest in a spate of recent changes at the top of the UK's leading investment banks.

The US bank has hired Tim Waddell - who first joined UBS's predecessor Warburg almost 30 years ago in 1985 - as vice-chairman of its global corporate and investment bank in Europe, the Middle East and Africa.

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