Member access

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

SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

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
3h ago BANK OF AMERICA : Merrill Lynch Invites Sibos Attendees to Take One Step Closer ..
4h ago BANK OF AMERICA : Invests $500,000 to Support Veteran Programs at CPCC
1d ago BANK OF AMERICA : Professional Photographers of America, Bank of America Partner..
1d ago BANK OF AMERICA : Leaders to Discuss Impact Investing Trends and Initiatives at ..
1d ago BANK OF AMERICA : Begins Rollout of Chip Debit Cards
1d ago BANK OF AMERICA : BofA Merrill Introduces Digital Disbursements
2d agoDJBank Branches in U.S. Dip to Lowest Since 2005
2d agoDJBank Branches in U.S. Decline to Lowest Level Since 2005 -- Update
2d agoDJBank Branches in U.S. Decline to Lowest Level Since 2005
2d ago BANK OF AMERICA : settles SEC charges over capital disclosure errors
Advertisement
Chart
Duration : Period :
Bank of America Corp Technical Analysis Chart | BAC | US0605051046 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF