People News: Bank of America, Cantor Fitzgerald

Bank Of America Building

Bank of America has promoted A.J. Murphy to head global capital markets, succeeding Jim Probert, who’s leaving after two years in the job and more than two decades at the firm.

Bloomberg News reports that Murphy, 40, who was co-head of global leveraged finance, will report to investment-banking chief Christian Meissner, according to a staff memo from Meissner. John Yiannacopoulos, a bank spokesman, confirmed the contents of the memo obtained Monday by Bloomberg.

In the meantime, Bloomberg also reports that Cantor Fitzgerald LP, the brokerage run by Howard Lutnick, is hiring former Jefferies Group banker Sage Kelly, according to a person with knowledge of the matter.

Kelly, 44, will be head of investment banking at Cantor, said the person, who asked not to be identified because the details are being finalized. Kelly, who ran health-care banking at Jefferies, resigned in 2014.

BofA Names Murphy Capital Markets Head as Probert Departs

Ex-Jefferies Banker Kelly Said to Be Joining Cantor Fitzgerald

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