People News - Bank of America, Morgan Stanley, C Suisse

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Bank of America has poached a top rainmaker for financial services companies from Morgan Stanley.

The New York Times Eric Bischof, who helped advise the Federal Reserve Bank of New York on matters related to the American International Group, will join Bank of America as co-head of its global financial institutions group, serving alongside Jim O’Neil in New York.

The hiring, announced in an internal memorandum on Monday, comes amid a potential rise in mergers among financial institutions as the Trump administration signals it will loosen regulations governing such combinations.

In the meantime, Bloomberg News reports that two senior Credit Suisse executives are leaving the firm in Asia, people with knowledge of the matter said.

Donald Lee is departing as co-head of cash equities for the Asia-Pacific region, and George Chow is leaving his role as co-head of investment-banking and capital markets for Greater China, the people said, requesting anonymity discussing private information. Chow is joining a Chinese company as a senior executive, one person said.

Bank of America Hires Top Banker Away From Morgan Stanley

Two Senior Credit Suisse Bankers in Asia Said to Leave Firm

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