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20

Bank of America Hires Top Banker Away From Morgan Stanley

By Tony Seruga

Bank of America’s hiring of Eric Bischof comes amid a potential rise in mergers among financial institutions.CreditCarlo Allegri/Reuters

Bank of America has poached a top rainmaker for financial services companies from Morgan Stanley.

Eric Bischof, who helped advise the Federal Reserve Bank of New York on matters related to the American International Group, will join Bank of America as co-head of its global financial institutions group, serving alongside Jim O’Neil in New York.

The hiring, announced in an internal memorandum on Monday, comes amid a potential rise in mergers among financial institutions as the Trump administration signals it will loosen regulations governing such combinations…

Bank of America Hires Top Banker Away From Morgan Stanley

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