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Bank of America to hire 50 bankers for Asia dealmaking team in 2020: Sources

Bank of America to hire 50 bankers for Asia dealmaking team in 2020: Sources

Wednesday, January 22, 2020, 9:33 PM

Bank-of-America-Corp will recruit about 50-bankers for its investment team in Asia this year, as it pushes to bulk-up its dealmaking business and shore-up revenues from the unit globally, three-people with direct knowledge of the matter said. BofA's Asia headcount expansion comes against the backdrop of a subdued recruitment outlook for the broader investment banking business as global-lenders grapple with cost-pressures and slowing M&A momentum.
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