Bank of America has hired a managing director from Goldman Sachs to help spearhead a new team within its UK investment banking division aimed at growing its coverage of private and emerging growth companies.
The bank has hired Duncan Stewart to co-head the so-called cross asset advisory initiative alongside George Close-Brooks, a managing director in its UK investment banking division.
It is the latest push by a big bank to identify and cover the growing number of private companies that are emerging
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