BofA Said to Seek Specialist Sales Staff as MiFID Roils Research
- Bank calls hires ‘critical link’ between research and equities
- New European rules known as MiFID are spurring industry change
This article is for subscribers only.
Bank of America is recruiting to potentially double the size of its specialist sales staff in the U.S. and Europe, according to two people familiar with the efforts.
The bank is looking to add four to six positions -- which help clients act on the firm’s research ideas -- in addition to the six specialist salespeople it already has, said the people, who asked not to be named because the process is ongoing. The hiring push will allow the bank to expand its sector coverage , according to an internal memo.