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BofA U.S. Equity-Research Sales Head Reilly Said to Depart

  • Salesmen in London, Davies and Hamilton-Shaw, also leave
  • Exits are said to be part of 150 dismissals this week
Updated on

Bank of America Corp.’s head of U.S. equity-research sales, Tim Reilly, has left the firm as it pares jobs across the investment bank this week, according to people with knowledge of the matter.

Reilly, a managing director in New York, departed this week as part of the dismissal of about 150 staff, said the people, who asked not to be identified because the moves haven’t been announced publicly. Alan Davies and Hugo Hamilton-Shaw, equity salesmen in London, were among the managing directors who left, the people said.