By Rachel Louise Ensign
AJ Murphy, the head of Bank of America Corp.'s capital-markets business and one of the most senior women on Wall Street, is leaving the firm to join private-equity giant Silver Lake, according to people familiar with the matter.
The bank announced Ms. Murphy's departure in an internal memo Thursday, which was reviewed by The Wall Street Journal and confirmed by a bank spokesman. It said she was going to work for a client of the firm.
People familiar with the matter said 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.
Ms. Murphy is expected to start this summer and will focus on finding and structuring new investments, advising portfolio companies and potentially serving on boards of directors on Silver Lake's behalf, the people said.
Ms. Murphy leads Bank of America's global capital-markets business, which helps arrange debt and equity financing for companies. She joined Bank of America in 2009 in its leveraged loan business. She left for a brief stint as a partner and senior banker at Goldman Sachs Group Inc. before returning to Bank of America in 2015.
Bank of America recently ranked first in the debt capital markets league tables in the U.S. and fifth in equity capital markets, according to first-quarter bank filings citing Dealogic.
The memo said the bank would name a replacement "in the near future."
Write to Rachel Louise Ensign at [email protected]