HALISTER: Bank of America Vice Chairman Patrick McDonough Leaving Firm

Bank of America Vice Chairman Patrick McDonough Leaving Firm

(Bloomberg) -- Patrick McDonough is leaving after 10 yrs at the investment bank, according to a memo obtained Friday by Bloomberg.
  • McDonough “informed me of his decision to retire from our company,” chairman of global corporate and investment banking Purna Saggurti wrote in memo to MDs
  • John Yiannacopoulos, a bank spokesman, confirmed contents of the memo; he declined further comment
  • Prior to Bank of America Merrill Lynch, McDonough worked at Morgan Stanley: Finra records
  • NOTE: May 25, BofA Loses Merrill Lynch Veterans Dan Cummings, Sam Chapin
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
BAC US (Bank of America Corp)

People
John Yiannacopoulos (Bank of America Corp)
Patrick McDonough (Bank of America Corp)
Purna Saggurti (Merrill Lynch & Co Inc)
Dan Cummings
Samuel Chapin (Merrill Lynch & Co Inc)

Topics
Financial Firm Departures
Management Changes
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