Bank of America has quietly supplemented its technology investment banking team.
The U.S. investment bank just hired Rick Sherlund, a technology specialist with the sort of pedigree that should get it a place at the table on the best deals in Silicon Valley.
Sherlund has been involved with the U.S. tech industry since 1982, when he joined Goldman Sachs. He spent 25 years with the firm in New York, becoming a partner and co-head of technology investment research.
Since leaving Goldman in 2007, Sherlund has shopped his talents around various banks. He spent four and a half years at Nomura, two years at Barclays, and most recently two years at Perella Weinberg, which he joined with a mandate to expand the technology practice in 2017.
Sherlund's FINRA registration (which says he's usually known as Ricky) shows him leaving Perella again on 17 June this year. According to his LinkedIn profile, he's joining Bank of America's Palo Alto office as vice chairman of technology investment banking.
Sherlund's arrival in Palo Alto comes after Jack MacDonald, a Palo Alto-based technology banker, was named co-global head of M&A for Bank of America in January.
Bank of America has been having a few problems with its M&A business and is committed to hiring as many as 50 new senior bankers. Sherlund would seem to be part of the revival plan.
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