Bank of America has promoted a trio of senior dealmakers to run its investment banking unit advising financial institutions.
The US investment bank has named Will Addas, Gary Howe and Giorgio Cocini as heads of global financial institutions investment banking, according to an internal memo seen by Financial News.
The new team will aim to “build on the recent momentum through the first half of 2021 with a consistent top three market share”, the memo from Thomas Sheehan, global head of Bank of America’s investment banking business said.
Cocini previously led Bank of America’s financial institutions group in Europe, the Middle East and Africa alongside Arif Vohra, who has been moved into a new role of chairman of Emea financial institutions. Addas and Howe formerly ran the FIG team in the Americas.
Investment banks have increasingly been hiring senior FIG bankers in recent months. Specialist fintech investment bank FT Partners poached Barclay’s Emea co-head of FIG Darren McKay in August, Financial News reported.
Citigroup also tapped former Barclays dealmaker Mike Lamb as chairman of global insurance within its FIG team in July, while six bankers in Credit Suisse’s European FIG team quit for Jefferies in June and Goldman Sachs partner, John Brennan, has left for Rothschild.
Credit Suisse has hired Israel Fernandez from Deutsche Bank in a senior FIG role.
Bloomberg earlier reported the Bank of America appointments.
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