Key facts
- Bank of America has experienced departures of senior dealmakers.
- The bank is actively recruiting, with over 40 new managing directors hired.
- Law firm Brown Rudnick has recruited 34 professionals from Bank of America.
Bank of America Loses Senior Dealmakers Amid MD Hires
IN SHORT
Bank of America has seen several senior dealmakers depart this year while simultaneously hiring over 40 new managing directors. The bank's promotions and bonus offers for new and existing customers were also detailed.
Key Numbers
34professionals poached by Brown Rudnick from Bank of America
40+new managing directors hired by Bank of America
$500maximum bonus for Bank of America Advantage banking accounts
$750maximum bonus for Bank of America Business Advantage checking accounts
Who's Involved
Bank of America
US bank experiencing senior dealmaker departures and MD hires
Brown Rudnick
Law firm that has hired 34 professionals from Bank of America
↳ Why This Matters
The departures of senior dealmakers and subsequent hiring of new managing directors at Bank of America indicate potential shifts in its investment banking strategy and client relationships. The recruitment by Brown Rudnick highlights a trend of talent movement within the financial services sector.