The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

DLJ arrivals spur Bank of America

Several banks are benefiting from the slew of former DLJ bankers who have decided that their new owners, CSFB, are not for them. Lehman and Salomon Smith Barney have done particularly well in the US, and UBS Warburg and Deutsche Bank are not far behind. But in Europe another name has joined the list, and it may be a surprise to some: Bank of America.

The exodus from DLJ is gathering pace not just in New York but in London too where BofA is dropping in a team of DLJ analysts to help kick start its fledgling European equities operation.

By bringing in 29 new staff, mostly from DLJ, BofA is looking to make a splash in the European market.

Originally Stephan Kendall, BofA's head of European equities in London, was aiming to have his team in place towards the end of 2001 but the sudden recruiting- opportunities allowed him to speed up his plans. "What has happened at DLJ has given us the chance to pick up analysts and we have accelerated by six months," he says.

The new arrivals include Chris Williams, who was DLJ's lead bank analyst, together with his full team.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree