BofA Lands Goldman's Bednar for M&A Push

Lugo, Denise
May 2005
Investment Dealers' Digest;5/30/2005, Vol. 71 Issue 21, p5
Trade Publication
The article reports that Banc of America Securities LLC has finally landed a U.S. mergers and Acquisition head, bringing on board Goldman Sachs & Co. banker Andrew Bednar for the newly created position. Merger and acquisition relies heavily on the strength of the corporate finance department to get you in the dialogue. Banc of America Securities has not gotten the leverage from the people they have hired because they have a weak corporate finance business. Banc of America through its aggressive hiring, ought to be able to get a hearing on some transactions and perhaps be able to start picking up some of the less attractive deals other banks do not want.


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