BofA’s Client-Meeting Quota Is Said to Rile Equities Sales Staff

BofA’s Client-Meeting Quota Is Said to Rile Equities Sales Staff

Victor J. Blue/Bloomberg

The 30-meeting quota is for equities sales staff members, including those who handle specialty lines such as derivatives and prime-brokerage. Their job is to pitch investment ideas and deliver research to analysts and managers at institutions including BlackRock Inc. and SAC Capital Management LLC.