Finance

Bank of America Hires From Citi, Deutsche Bank, Santander for Latin America

Signage at a Bank of America branch in New York, US, on Sunday, Jan. 12, 2025. Bank of America Corp. is scheduled to release earnings figures on January 16.Photographer: Michael Nagle/Bloomberg
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Bank of America Corp. is hiring executives from Citigroup Inc., Deutsche Bank AG and Banco Santander SA for its Latin America business.

Giovanni Fernandes, a former managing director at Santander covering utilities, oil and gas and infrastructure concessions in Brazil, will join BofA’s investment bank in Sao Paulo, according to people familiar with the matter. Fernandes is expected to start in July after a period of garden leave, the people said, asking not to be identified because no formal announcement has been made.