Bank of America hires Morgan Stanley's Bischof to co-head FIG

Key facts

• Bank of America hired Eric Bischof from Morgan Stanley.
• Bischof will co-head the bank's global Financial Institutions Group (FIG).
• He will be based in New York.
• Bischof will partner with existing co-head Jim O'Neil.
• The goal is to implement global strategy, deepen client relationships, and drive growth.

Bank of America Corp has hired Eric Bischof from Morgan Stanley to serve as a co-head of its global Financial Institutions Group (FIG). Bischof, who spent the last two decades at Morgan Stanley, most recently as co-head of its global FIG, will be based in New York. He will collaborate with fellow BoA co-head Jim O'Neil to execute the bank's worldwide strategy, enhance client connections, and boost market share and growth. The bank confirmed the hire, though no specific start date for Bischof was provided in the internal memo.