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BofA Said to Hire JPMorgan’s Bernard for High-Yield Debt Role

Bank of America Corp., the largest U.S. lender by assets, hired JPMorgan Chase & Co.’s Adam Bernard as a director in its high-yield debt unit, a person with knowledge of the appointment said.

Bernard stepped down as an executive director in JPMorgan’s high-yield capital markets group this week, said the person, who declined to be identified because an announcement hasn’t been made. Bernard will start in Bank of America’s New York offices in the second quarter, the person said.