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BofA appoints insider Brunner as head of TMT investment banking, memo shows

Published 07/23/2024, 02:10 PM
Updated 07/23/2024, 02:18 PM
© Reuters. FILE PHOTO: A Bank of America logo is seen on the entrance to a Bank of America financial center in New York City, U.S., July 11, 2023.  REUTERS/Brendan McDermid/File Photo
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(Reuters) - Bank of America has appointed bank veteran Kevin Brunner as the new head of technology, media and telecommunications investment banking, according to a memo seen by Reuters and confirmed by a company spokesperson.

Brunner, who is replacing Sam Powers, joined Bank of America back in 1999 and was most recently serving as co-head of global M&A alongside Ivan Farman, who will continue in the role.

© Reuters. FILE PHOTO: A Bank of America logo is seen on the entrance to a Bank of America financial center in New York City, U.S., July 11, 2023.  REUTERS/Brendan McDermid/File Photo

Powers will join Advance, the parent company of Conde Nast, which owns and invests in a broad range of companies across the TMT and education sectors.

Bank of America, the second biggest U.S. lender, has had a rebound in its investment banking activities, which helped the bank post better-than-expected profit in its recently announced second-quarter results.

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