Bank of America's
Kaplan will be chief operating officer at Appaloosa, reporting to founder David Tepper, the memo said.
New Jersey-based Appaloosa has around $16 billion under management.
Kaplan joined Merrill Lynch in 1987 and has advised on a number of major deals including Walt Disney Co's
Baronoff, who is chairman of global mergers & acquisitions, started his Wall Street career at Merrill Lynch in 1986 and became head of the global M&A business there in 2000.
Deals he has advised on include PepsiCo's
(Reporting by Michael Erman; Editing by Richard Chang)