Bank of America hired two new managing directors to its financial institutions group as the bank strives to boost its investment banking revenues.
Scott Littlejohn and David Adler will join Banc of America Securities in June as managing directors in the financial institutions investment banking group in New York. Littlejohn will join as head of insurance while Adler will focus on mergers and acquisitions.
Both will report to Tony Ursano, global head of FIG at Bank of America.
Littlejohn joins BofA after 15 years with Citigroup, where he was most recently co-head of insurance within Citi's financial institutions group.
