BofA U.S. Cap. Intro. Chief To Hedge Fund, Hammond Promoted

Jul 24 2012 | 11:15am ET

Bank of America's U.S. capital introductions chief is leaving the bank.

Justin Fredericks will "pursue other opportunities," global cap. intro head Michael Terry said in an internal memo. Reuters reports that those opportunities will come at an unidentified hedge fund.

Elizabeth Hammond will take Fredericks' place as head of U.S. Capital Strategy, the memo said. She has been with BofA for three years, joining after a stint at Citigroup's capital introductions group.

Fredericks spent 11 years at Merrill Lynch and BofA. He will leave within the next few weeks.

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