Tuesday, June 10, 2008

BofA brings another Bear exec on board

Bank of America Corp. has named David H. Glaser, former co-head of investment banking at The Bear Stearns Cos. Inc., chairman of the its global mergers-and-acquisitions practice, according to The New York Times.

Mr. Glaser, who spent 23 years at New York-based Bear, was a confidant of Bear chief executive Alan Schwartz.

In recent weeks, Charlotte, N.C.-based Bank of America has tapped former Bear senior managing directors, including Davis Beller, who ran Bear's coverage of financial sponsors on the West Coast; Adam Blackman, from Bear's media group; Steve Lipman and Fred McConkey, who managed Bear's relationships with all the big private-equity firms; and Cary Thompson, who headed corporate finance on the West Coast, according to the Times.

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