Plans said in place to recruit up to 50 managing directors, and a number of mid-level staff to support them.
Financial Times reports that Bank of America plans to hire as many as 50 senior dealmakers to revitalise its stuttering investment bank only weeks after overhauling the unit’s leadership in response to a slide in fees.
Brian Moynihan, chief executive, has authorised newly appointed corporate and investment banking head Matthew Koder to recruit up to 50 managing directors, and a number of mid-level staff to support them, according to two people familiar with the plan.
Mr Koder — an intense Australian whose CV includes stints at UBS and Goldman Sachs — is due to take over in January from his ousted predecessor Christian Meissner.
Hit the link below to access the complete Financial Times article: