Bank of America expands regional investment banking team across the US and hires 9 new senior bankers to further cultivate the midsize enterprise market

The Zhitong Finance App learned that Bank of America announced on July 13 that it has recruited 9 senior bankers in various cities across the US to expand its regional investment banking business footprint and meet the growing service needs of medium-sized enterprise customers.

The latest batch of bankers is based in nine cities: Austin, Boston, Charlotte, Chicago, Detroit, Minneapolis, New York, San Francisco, and West Palm Beach, further augmenting Bank of America's existing midsize enterprise customer service team. The team currently has more than 200 bankers, and the business network has covered 26 cities across the US. According to Bank of America's official disclosure, the new hires will report directly to Neil Kell and Samardh Kumar, co-heads of regional investment banking operations.

Bank of America also revealed that the business has been ranked first in investment banking services for global commercial banking customers for three consecutive years, and its market share has maintained a year-on-year upward trend. Since launching this line of business in 2016, Bank of America has added a total of 20 new city branches.

Mike Joo, co-head of the Bank of America's global investment banking business, said that medium-sized enterprise customers play a critical role in driving US business and economic growth, and the bank continues to help these companies achieve huge opportunities for growth, investment and goals.