Bank of America has named Jeremy Murphy a managing director in its consumer and retail investment banking group for the Americas. Mr. Murphy is the latest investment banker to leave Barclays, which is seeking to reduce the size of its investment bank in response to stiffer regulations.
In his new role at Bank of America, Mr. Murphy will be “responsible for developing and deepening relationships with key clients and helping to build market share and drive growth,” Lisa Clyde, the head of the bank’s global consumer and retail investment banking group, wrote in an internal memorandum reviewed by DealBook. Mr. Murphy will be based in New York starting in the fall.
At Barclays, Mr. Murphy was a managing director in the bank’s consumer and retail investment banking group focused on the food sector. He has also worked at Lehman Brothers, Credit Suisse, First Boston and Donaldson Lufkin & Jenrette.