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A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. REUTERS/Carlo Allegri/File Photo

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Jan 4 (Reuters) – Bank of America Corp (BAC.N) has hired veteran investment banker Benjamin Saunders as managing director of its Financial Institutions of the Americas investment banking business, according to a memo seen by Reuters on Tuesday.

Saunders, who was most recently the principal head of client coverage for New England and Mid-Atlantic depository institutions at JP Morgan (JPM.N), will be based in New York and cover the banking industry.

With over 25 years of experience in investment banking, Saunders has played a pivotal role in several M&A transactions, including the acquisition of Century Bancorp by Eastern Bankshares (EBC.O) last year and the sale of BSB to People’s United in 2018, according to the memo.

The appointment comes amid a war for talent between major Wall Street firms, with trading activity having had a bumper year in 2021. BofA advised more than 350 deals last year, according to Refinitiv data. .

The nomination was first reported by Bloomberg News.

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Reporting by Niket Nishant and Manya Saini in Bengaluru; Editing by Devika Syamnath

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