BofA hires new Houston investment banking head

on February 26 2010 7:40 PM

NEW YORK - Bank of America said on Friday it hired energy investment banker Oscar Brown away from Barclays Capital to be a managing director and head of its Houston investment banking office.

Brown had spent the past 10 years as a managing director at Barclays and Lehman Brothers, where he advised on deals including GlobalSantaFe's $18 billion takeover by Transocean, Natco's sale to Cameron Internatinal and the leveraged buyout of Dresser in 2007.

Brown will be a part of the company's Bank of America Merrill Lynch unit.

He will report to Laurie Coben, global head of Bank of America's energy and power investment banking, and Scott Van Bergh, head of the bank's Americas energy investment banking unit. (Reporting by Michael Erman;Editing by Steve Orlofsky)

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