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.
Here is the text of the full memo, which was written by Diego De Giorgi, head of global investment banking at Bank of America:
We are pleased to announce that Eric Bischof will join our firm as co-head of Global Financial Institutions Group (FIG).
Bank of America Hires Top Banker Away From Morgan Stanley -
By MICHAEL J. de la MERCEDMARCH 20, 2017
Bank of America has poached a top rainmaker for financial services companies from Morgan Stanley.
Eric joins us from Morgan Stanley where he was most recently co-head of the Global Financial Institutions Group.
Mr. Bischof was previously co-head of Morgan Stanley’s financial institutions banking
practice, where he served as a longtime deal maker for big insurance firms.
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.
He also advised the Fortress Investment Group, the private equity firm, in its $3.3 billion sale to the Japanese technology giant SoftBank.