Purna Rao Saggurti

Chairman-Global Corporate & Investment Banking at Merrill Lynch, Pierce, Fenner & Smith, Inc.

Purna Rao Saggurti

Purna Rao Saggurti

Chairman-Global Corporate & Investment Banking at Merrill Lynch, Pierce, Fenner & Smith, Inc.


Purna R. Saggurti
Chairman, Global Corporate & Investment Banking

Purna R. Saggurti is Chairman of Global Corporate & Investment Banking for Bank of America Merrill Lynch. Mr. Saggurti is responsible for leading all Executive Vice Chairman, Vice Chairman and other senior bankers in Global Corporate & Investment Banking to focus on the Chief Executives and the Boards of Directors of our large and global clients. The Global Corporate and Investment Bank was around $11.2 billion in revenues in 2010 and ranked Number 1 in the Americas and Number 2 Globally. Mr. Saggurti is on the board of the Bank of America Charitable Foundation, the Global Diversity & Inclusion Council and the Bank of America Environmental Council.
Prior to being named to his current role, Mr. Saggurti served as the co-Head of Global Investment Banking.
Previously, Mr. Saggurti was Head of Americas Origination at Merrill Lynch, which included all Investment Banking, Mergers & Acquisitions and Capital Markets Origination in the U.S, Canada and Latin America.
In the last twenty-four years, Mr. Saggurti has advised clients around the globe including those in North America, Europe, Latin America and Asia. He has worked on landmark transactions for a number of clients around the world including Dow, Dupont, Engelhard, GE, Hoechst, Huntsman, Lyondell Basell, Merck, Potash Corp and Reliance.
Mr. Saggurti holds a Bachelor of Technology degree in Chemical Engineering from Andhra University, a Master of Science degree in Chemical Engineering from Tennessee Technological University and an M.B.A. from the Wharton School in Philadelphia.
Mr. Saggurti is a Member of the Graduate Executive Board of The Wharton School, the Chairman of the Board of Overseers of the Whitehead School of Diplomacy and International Relations and a member of the Board of the US-India Business Council. He also was a member of the Council on Foreign Relations and Asia Society Joint Task Force on New Priorities in South Asia: U.S. Policy toward India, Pakistan and Afghanistan.

RelSci Relationships


Number of Boards


RelSci Relationships are individuals Purna Rao Saggurti likely has professional access to. A relationship does not necessarily indicate a personal connection.

Global Head of ESG at Bank of America Corp.

Relationship likelihood: Strong

Legacy Asset Servicing Executive at Bank of America Corp.

Relationship likelihood: Strong

Senior Vice President, National Philanthropy at The Bank of America Charitable Foundation, Inc.

Relationship likelihood: Strong

Chief Operating Officer at Bank of America Corp.

Relationship likelihood: Strong

Head of Chief Investment Officer & Investment Solutions Group at Bank of America Corp.

Relationship likelihood: Strong

Head, Global Commercial Banking at Merrill Lynch, Pierce, Fenner & Smith, Inc.

Relationship likelihood: Strong

Head of Corporate Responsibility, Europe & Emerging Markets (Ex-Asia) at Merrill Lynch, Pierce, Fenner & Smith, Inc.

Relationship likelihood: Strong

Chief Executive Officer at Deloitte Touche Tohmatsu Ltd.

Relationship likelihood: Strong

Member, Board of Managerial Trustees at The International Association of Women Judges

Relationship likelihood: Strong

President, Chief Executive & Operating Officer at MasterCard, Inc.

Relationship likelihood: Strong

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Purna Rao Saggurti
Chairman-Global Corporate & Investment Banking at Merrill Lynch, Pierce, Fenner & Smith, Inc.
Bachelor of Technology in Chemical Engineering

Andhra University is a private higher learning institution in India.

Master of Science in Chemical Engineering

Tennessee Technological University, popularly known as Tennessee Tech, is an accredited public university located in Cookeville.


The Wharton School is the business school of the University of Pennsylvania, an Ivy League university in Philadelphia, Pennsylvania. Wharton was the world’s first collegiate business school and the first business school in the United States. It was established in 1881 through a donation of Joseph Wharton.


Council on Foreign Relations, Inc. provides and disseminates ideas on foreign policies to individuals, corporate members, journalists and policy makers. It operates a forum for government officials, students and other interested parties to study and discuss world issues and impact on American foreign policies. The company publishes Foreign Affairs, a magazine that comes out six times a year, along with books and studies by its own scholars. Council on Foreign Relations was founded in 1921 and is headquartered in New York City, NY.

Career History
Chairman-Global Corporate & Investment Banking

Bank of America Merrill Lynch is the corporate and investment banking division of Bank of America. It provides services in mergers and acquisitions, equity and debt capital markets, lending, trading, risk management, research, and liquidity and payments management. It was formed through the combination of the corporate and investment banking activities of Bank of America and Merrill Lynch following the acquisition of the latter by the former in January 2009.

Head of Americas Origination

Merrill Lynch & Co., Inc. provided wealth management, securities trading and sales, corporate finance and investment banking services. Merrill Lynch was a global trader and underwriter of securities and derivatives across a range of asset classes and serve as a strategic advisor to governments, institutions and individuals worldwide. The company was founded in 1913 and was headquartered in Charlotte, NC.

Fund Manager

EM Capital Management manages assets and consults on emerging market and frontier market investments for high net-worth individuals, funds, corporations, institutions, family offices, foundations, trusts and endowments for eligible US, off-shore and US tax-exempt investors. The firm seeks to provide superior returns while implementing principles of socially responsible investing, sustainability and broad ESG (environmental, socially responsible and corporate governance).EM Capital Management sponsors registered mutual funds, private funds, private equity funds and separate accounts. They combine proprietary quantitative valuation and earning models with fundamental research and local market qualitative due diligence intended to generate superior returns and to control risk.EM Capital Management is the Investment Adviser of EM Capital India Gateway Fund, the India-focused retail and institutional mutual fund (NASDAQ symbol: EMINX and EMIIX).The firm is also the Investment Adviser to two India-dedicated master-funds that solely serve feeder-funds and are not available for direct investment. EM Capital India Gateway (Mauritius), Ltd. and EM Capital India Master Fund, Ltd. (Mauritius) are both Securities and Exchange Board of India (SEBI) registered Foreign Institutional Investor (FII) sub-accounts licensed to trade Indian securities directly through Indian stock brokers. The tax-efficient Mauritius master fund structure eliminates India's 15% short-term capital gains tax by taking advantage of the anti-double taxation treaty between India and Mauritius. Custody and daily valuation are performed by Deutsche Bank AG Mumbai branch. Auditors and Tax Advisors are Ernst & Young.

Boards & Committees
Member, Board of Directors

The U.S.-India Business Council is the premier business advocacy organization representing America's top companies investing in India, joined by global Indian companies, with an aim to deepen trade and strengthen commercial ties. The U.S.-India Business Council is the principal interlocutor for industry operating in the U.S. and Indian marketplace, playing a critical role supporting U.S. Government initiatives that include the U.S.-India Economic Dialogue (CEO Forum), the U.S.-India High Technology Cooperation Group, U.S.-India Energy Dialogue, the Defense Procurement & Production Group, and the U.S.-India Trade Policy Forum. USIBC formulates an annual work plan that targets specific issues important to its member-companies, compiled from input derived from the 12 Executive Committees and Working Groups that meet regularly to assess progress on-the-ground and to devise strategies and prepare representations to advance sector-specific reforms in India. In addition, USIBC's Executive Committees organize industry missions to India to present to counterparts and the Government of India a united front to forge policy reform advances.

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Access Industries, Inc. - New York, Basell Holdings BV purchase Lyondell Chemical Company

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