Member access

4-Traders Homepage  >  Shares  >  Nyse  >  Bank of America Corp    BAC   US0605051046

SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

UBS Hires Former BofA Analyst Milunovich To Cover IT Hardware

05/03/2012 | 03:25pm US/Eastern
Recommend:
0
   By Brett Philbin 
   Of  
 

UBS AG (UBS, UBSN.VX) has hired Steven Milunovich, a former Bank of America Corp. (>> Bank of America Corp) analyst, as a managing director and analyst covering information technology hardware in its U.S. research group.

Milunovich, with a 25-year career as an analyst, will report to David Bleustein, head of U.S. equities research. Previously, Milunovich worked at Bank of America Merrill Lynch as an analyst covering alternative energy from 2008 to 2012. Prior to that position, he held titles including technology strategist at Merrill Lynch, which was acquired by Bank of America in 2009. He previously covered International Business Machines Corp. (IBM) and other leading technology companies.

He also worked at firms including Morgan Stanley (MS) and Salomon Brothers, according to Financial Industry Regulatory Authority records.

Milunovich's addition to UBS marks the second recent analyst hire for the firm, which recruited A.J. Rice, a managing director who previously worked at Susquehanna Financial Group, to cover U.S. health-care facilities.

The new hires come as UBS focuses on revamping the investment bank in the region under Chief Executive Robert McCann. Last fall, UBS said it would pare down the unit in the wake of an embarrassing trading scandal, but executives have reaffirmed their commitment to the investment bank, with a primary focus on client and advisory businesses.

News of Milunovich's hire was reported earlier Thursday by Bloomberg News.

-By Brett Philbin, Dow Jones Newswires; 212-416-2173; brett.philbin@dowjones.com

Stocks mentioned in the article : Bank of America Corp
Recommend :
0
React to this article
Latest news on BANK OF AMERICA CORP
1d ago BANK OF AMERICA : Wood & Huston Bank Selects nProtect to Secure Customers Agains..
1d ago HINDALCO APPOINTS BANKS FOR Rs5,000-CRORE SHARE PLACEMENT
1d ago BANK OF AMERICA : Capital One Bank Grows Dealer Services Capabilities with Expan..
1d ago BANK OF AMERICA : In light of bank of america decision to close branches in hart..
3d ago BANK OF AMERICA : UNM Small Business Institute Receives Bank of America Grant
4d ago BANK OF AMERICA : In Light of Bank of America Decision to Close Branches in Hart..
4d ago BANK OF AMERICA : Committee Holds Hearing on Two Barton Backed Bills
5d ago BANK OF AMERICA : Christopher L. Fittin Joins Peapack-Gladstone Bank
5d agoDJBANK OF AMERICA : BofA to Pay $16.6 Million to Settle Alleged Sanctions Violatio..
5d agoDJBANK OF AMERICA : BofA to Pay $16.6 Million to Settle Alleged Sanctions Violatio..
Advertisement
Chart
Duration : Period :
Bank of America Corp Technical Analysis Chart | BAC | US0605051046 | 4-Traders
Income Statement Evolution
Bank of America Corp : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF