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BofA Taps JPMorgan Investment Banker Saunders for Financials

  • Saunders joins as managing director based in New York City
  • Company reported a 65% surge in advisory fees in third quarter

Bank of America Corp. hired Benjamin Saunders from JPMorgan Chase & Co. for its financial institutions investment-banking business.

Saunders, based in New York City, joins the company as managing director to cover the banking sector, according to a memo to employees Tuesday from Will Addas, Giorgio Cocini and Gary Howe, who lead Bank of America’s global financial institutions investment-banking operation.