Key facts
- Bank of America has seen several senior dealmakers depart this year.
- Bank of America has hired over 40 new managing directors.
- Bank of America has detailed promotions and bonus offers for customers.
- Adam Kweskin has been hired by Morgan Stanley.
- Adam Kweskin was most recently a managing director in Bank of America's industrials investment banking business.
- Kweskin will join Morgan Stanley's Global Industrials Investment Banking Group.
- Kweskin will focus on the water ecosystem.
- Kweskin will be based in New York.
Bank of America has witnessed a significant number of senior dealmakers depart its ranks throughout the current year. This exodus occurs concurrently with the bank's aggressive recruitment efforts, which have resulted in the hiring of more than 40 new managing directors. The bank has also been implementing promotions and offering bonuses to both new and existing clients, details of which have been disclosed.
One notable departure is Adam Kweskin, who was a managing director within Bank of America's industrials investment banking business. Kweskin has been hired by Morgan Stanley to enhance its Global Industrials Investment Banking Group. His new role will involve a specific focus on the water ecosystem, and he will be based in New York.