Bank of America has promoted a trio of seasoned traders to lead its investment banking unit advising financial institutions.
The US investment bank has appointed Will Addas, Gary Howe and Giorgio Cocini as head of the investment bank for global financial institutions, according to an internal memo viewed by Financial news.
The new team will aim to “build on recent momentum in the first half of 2021 with consistent market share in the top three,” said the memo from Thomas Sheehan, global head of investment banking activities at Bank of America.
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Cocini previously headed Bank of America’s group of financial institutions in Europe, the Middle East and Africa alongside Arif Vohra, who was transferred to the new post of Chairman of Emea’s Financial Institutions. Addas and Howe previously led the FIG team in the Americas.
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Investment banks have increasingly hired senior FIG bankers in recent months. Fintech investment bank FT Partners poached FIG Barclay co-director Emea Darren McKay in August, Financial News reported.
Citigroup also appointed former Barclays negotiator Mike Lamb as president of global insurance to its FIG team in July, while six bankers from Credit Suisse’s FIG European team resigned for Jefferies in June and Goldman Sachs partner John Brennan has moved to Rothschild.
Credit Suisse has hired Israel Fernandez from Deutsche Bank to a senior position at FIG.
Bloomberg earlier reported the appointments of Bank of America.
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