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BofA Hires UBS’s Sachs as Global Head of Capital Introductions

Bank of America Corp. hired Robert Sachs from UBS AG to run a global team that helps hedge funds raise money from pension plans and other investors.

Sachs will join as global head of capital introductions and strategy, reporting to Jon Yalmokas, head of the U.S. prime brokerage, Stu Hendel, global head of the financing products, said in a memo to employees obtained by Bloomberg News. He will be based in New York and start in coming months, Hendel wrote.