BofA Nabs UBS Cap. Intro. Head

Apr 15 2013 | 10:17am ET

Bank of America has landed UBS' capital introductions chief to lead its own hedge-fund fundraising effort.

Robert Sachs was named global head of capital introductions and strategy at BofA's prime brokerage, Bloomberg News reports. He will begin at the bank in the coming months, Stu Hendel, global head of financing products, wrote in an internal memo.

Sachs has served as global head of capital introductions at UBS for the past four years. He formerly worked at Constellar Capital Management, Olympia Capital Management and Credit Suisse.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…