Bank of America announced the addition of nine senior investment bankers positioned across the United States as part of an effort to expand its regional investment banking footprint and better serve middle-market companies.
The new hires are based in Austin, Boston, Charlotte, Chicago, Detroit, Minneapolis, New York, San Francisco and West Palm Beach. Those appointments augment a team that the bank says already exceeds 200 bankers operating across 26 cities who focus on middle-market clients.
"Middle market companies play a vital role in driving business and economic growth across the U.S., and we continue to see significant opportunity to help these businesses grow, invest and achieve their objectives," said Mike Joo, co-head of BofA’s Global Investment Banking.
The bank also said its business retained a top investment banking ranking among global commercial banking clients for the third straight year, while increasing market share on a year-over-year basis.
The new additions and roles
- Bob Berry will join as a managing director based in Boston in late July. He comes to the firm from Rothschild.
- Matt Dalton will join as a managing director based in Minneapolis in early August, where he will cover the Midwest region. He joins from Lazard.
- Rick Florjancic will join as a managing director based in Chicago in mid-September. He will lead the Chicago office and help expand senior leadership coverage across the broader Midwest region. He joins from BMO Capital Markets.
- Ian Mackay will join as a managing director based in Charlotte in mid-August, strengthening the middle-market financial sponsors practice across the Southeast region and nationally. He joins from BlackArch Partners.
- Joe Park recently joined as a managing director based in Detroit and will focus on expanding client coverage across the Midwest region. He previously served as president and chief financial officer of Princeton NuEnergy and held executive positions within SK Group.
- Mitch Theiss recently rejoined as a vice chair based in West Palm Beach, where he will help expand coverage of Florida-based middle-market clients and family businesses while providing senior support on key relationships. Most recently, he was a partner at Seabrook Partners.
- Daniel Webb recently rejoined as a managing director based in Austin to expand coverage across Texas and the broader Southwest region. Daniel brings more than 15 years of investment banking experience and deep technology-sector expertise.
- Joe Winters will join as a managing director based in San Francisco in early August. He joins from JPMorgan.
- Bo Brown recently joined as a managing director based in New York, strengthening advisory capabilities across financial sponsors, industrial and middle-market clients. He joined from BMO Capital Markets.
Context and strategic focus
The hires are presented by the bank as a response to rising demand from middle-market companies and as part of a broader strategy to deepen regional coverage. The appointments are spread geographically to reinforce local presence in key metropolitan areas while complementing national coverage for financial sponsors, industrial and other middle-market sectors.
By adding senior bankers with a mix of buy- and sell-side experience and prior roles at boutique and global banks, the institution aims to strengthen advisory capabilities and senior leadership coverage across several U.S. regions.
What this may mean for markets and sectors
The expansion targets middle-market companies, which the bank identifies as an important driver of economic activity. The hires emphasize coverage in regions with distinct industry mixes, including technology in the Southwest, industrials and financial sponsors in Northeastern and Midwestern markets, and family-businesses and owner-led companies in Florida.