Bank of America hires Manheimer from Morgan Stanley
In short
Bank of America has hired Eddie Manheimer from Morgan Stanley to lead its global power and utilities investment banking team. The move was reported as part of a push to hire senior people for AI-related energy and infrastructure deals.
This could matter for banking and advisory competition, but the reporting does not give a start date or say which deals are already in motion. The size of the impact is still unknown.
What the reporting says
Bank of America hired Eddie Manheimer as head of global power and utilities investment banking from Morgan Stanley. The move comes as the firm invests in senior talent around AI-related energy and infrastructure dealmaking. The reporting does not say when he starts or whether any deal pipeline is tied to the hire.
Why it matters
Bank of America hired Eddie Manheimer from Morgan Stanley to lead global power and utilities investment banking, according to the reporting. The move fits a broader push by the firm to add senior talent for AI-related energy and infrastructure dealmaking. The immediate effect is on investment-banking leadership and competition for mandates, but the reporting does not state any specific transactions or timing.