January 4 () – Bank of America Corp. has hired experienced investment banker Benjamin Saunders as managing director for the investment business of American financial institutions, according to a note seen on Tuesday.
Recently, JP Morgan, a major customer coverage provider for New England and Mid-Atlantic Depository Institutions, established Saunders in New York City, covering the banking sector.
With more than 25 years of investment banking experience, Saunders has played a key role in several M&A deals, including the acquisition of Century Bancorp by Eastern Bankshares last year and the sale of BSB to the People’s United in 2018.
The appointment comes amid a talent war between the largest firms on Wall Street, as 2021 was an active year for deals. According to Refinitive, BofA advised on more than 350 deals last year.
The appointment was first reported by News. (Interview with Niket Nishant and Manya Saini in Bangalore; edited by Devika Syamnat)