(Reuters) – Bank of America has appointed bank veteran Kevin Brunner as the new head of technology, media and telecommunications investment banking, according to a memo seen by Reuters and confirmed by a company spokesperson.
Brunner, who is replacing Sam Powers, joined Bank of America back in 1999 and was most recently serving as co-head of global M&A alongside Ivan Farman, who will continue in the role.
Powers will join Advance, the parent company of Conde Nast, which owns and invests in a broad range of companies across the TMT and education sectors.
Bank of America, the second biggest U.S. lender, has had a rebound in its investment banking activities, which helped the bank post better-than-expected profit in its recently announced second-quarter results.
(Reporting by Jaiveer Singh Shekhawat in Bengaluru and Saeed Azhar in New York; Editing by Krishna Chandra Eluri)
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