Bank of America hire new equity capital markets managing director


Bank of America have hired technology, media and communications specialist Chris Cormier as a managing director for the Americas Equity Capital Markets team this week.

Starting in August, Cormier’s new position will be based in New York and he will report to J. D. Moriarty, Bank of America’s head of equity capital markets for the Americas who also specialises in technology stock offerings.

Cormier is moving from Deutsche Bank where he has worked since 2005 and was most recently the head of technology equity capital markets in New York but also ran sales in Boston, according to The Wall Street Journal.

This seems to be one of a multitude of losses for Deutsche Bank recently, as Cormier had only been in his current position at the company since January. He succeeded Ted Tobiason who left Deutsche Bank for Morgan Stanley.

It was also reported late last month that Bank of America have appointed former Deutsche Bank executive Armin von Falkenhayn as a country executive for Germany and head of corporate and investment banking for Germany, Austria and Switzerland. Von Falkenhayn had worked at Deutsche Bank for over 25 years and will join the firm in June to be based in Frankfurt.

A Bank of America spokesman confirmed the memo that DealBook reviewed for The New York Times which showed Moriarty announcing Cormier’s hire as managing director of Americas Equity Capital Markets.

I am pleased to announce that Chris Cormier will join our firm as a managing director on the Americas Equity Capital Markets team, focused on Technology, Media & Telecom (TMT), as well as Industrials. For TMT, he will partner closely with me and Matt Walsh to drive origination efforts to help propel the growth of our business. Chris will join the firm in August, be based in New York and report to me,” Moriarty said.