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Saunders, who was most recently the principal client coverage executive for New England and mid-Atlantic depository institutions at J.P. Morgan, will be based in New York City and cover the banking sector.
With over 25 years of investment banking experience, Saunders played a crucial role in several M&A deals, including Eastern Bankshares’ acquisition of Century Bancorp last year and BSB’s sale to People’s United in 2018, according to the memo.
The appointment comes against the backdrop of a talent war among top Wall Street firms as dealmaking activity recorded a bumper year in 2021. BofA advised on over 350 deals last year, according to data from Refinitiv.
The appointment was first reported by Bloomberg News.
