{"id":8765,"date":"2008-10-03T00:00:00","date_gmt":"2008-10-03T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"thain-to-head-investment-banking-wealth-at-bofa","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2008\/thain-to-head-investment-banking-wealth-at-bofa.html","title":{"rendered":"Thain to head investment banking, wealth at BofA"},"content":{"rendered":"<p><span class=\"yshortcuts\">Reuters &#8211; <\/span><span class=\"yshortcuts\">John Thain<\/span>, the <span class=\"yshortcuts\">Merrill Lynch &amp; Co Inc<\/span> chief executive who engineered the firm&#8217;s sale to <span class=\"yshortcuts\">Bank of America Corp<\/span>, will head <span class=\"yshortcuts\">investment banking<\/span>, securities and <span class=\"yshortcuts\">wealth management<\/span> at the new company &#8212; at least for now.                                                 <\/p>\n<p> But analysts don&#8217;t expect Thain, who has now led two major <span class=\"yshortcuts\">Wall Street companies<\/span>, to remain in his new job for long. They expect him to aim to succeed <span class=\"yshortcuts\">Bank of America<\/span> (<span class=\"yshortcuts\">BAC<\/span>.N) Chief Executive Ken Lewis, 61, or seek a CEO job elsewhere.<\/p>\n<p> &quot;The fact is that he&#8217;s a CEO &#8212; he&#8217;s not going to stay long,&quot; said Greg Donaldson, director of portfolio strategy at Donaldson Capital Management in Evansville, Indiana.<\/p>\n<p> Thain, 53, was previously CEO at <span class=\"yshortcuts\">NYSE Euronext Inc<\/span> (<span class=\"yshortcuts\">NYX<\/span>.N) and before that was president and <span class=\"yshortcuts\">chief operating officer<\/span> at <span class=\"yshortcuts\">Goldman Sachs Group Inc<\/span> (<span class=\"yshortcuts\">GS<\/span>.N).<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/us.rd.yahoo.com\/dailynews\/rss\/business\/*http:\/\/news.yahoo.com\/s\/nm\/20081002\/bs_nm\/us_merrill_bankofamerica\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; John Thain, the Merrill Lynch &amp; Co Inc chief executive who engineered the firm&#8217;s sale to Bank of America Corp, will head investment banking, securities and wealth management at the new company &#8212; at least for now. But [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1574,419,234,926,925,117,170,397,103,2999,101,3000,821,787,436],"class_list":["post-8765","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-art-collector","tag-default-status","tag-euro-1","tag-goldman-sachs-group","tag-goldman-sachs-group-inc","tag-investment-arm","tag-money-managers","tag-months-of-the-year","tag-pergam-finance","tag-public-relations","tag-raanan-agus","tag-ricky","tag-sec-charges","tag-starting-a-hedge-fund","tag-winton-capital-management"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8765"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8765\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}