July 23 (Reuters) - Bank of America ( BAC ) 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 ( BAC )
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 ( BAC ), 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.