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Bank of America’s Montag Hires Ex-Goldman Sachs Partner Sinha

Bank of America Corp.’s Merrill Lynch unit, ranked sixth among advisers on takeovers announced globally last year, recruited former Goldman Sachs Group Inc. partner Ravi Sinha to help win more business.

Sinha, who retired in April 2010 after 21 years at Goldman Sachs, will join in New York this week as an executive vice chairman of the global corporate and investment-banking unit, according to a memo to employees from Purna Saggurti, GCIB chairman, and Tom Montag, the co-chief operating officer who runs Bank of America’s corporate and institutional client businesses. Sinha will report to Saggurti. John Yiannacopoulos, a Bank of America spokesman, confirmed the memo’s contents.