Banc of America Securities LLC · New York, NY United States
Company Description
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This link will open in a new window Banc of America Securities makes its marc as the investment banking arm of Bank of America . The subsidiary, along with its UK affiliate Banc of America Securities Limited, offers trading and brokerage services; securities underwriting; debt and equity research; and advice on public offerings, leveraged buyouts, and mergers and acquisitions. Specialty units focus on commission management, derivatives, securitization, and other services. Banc of America Securities' client list includes corporations (including many Fortune 500 firms), institutional investors, and government entities. Bank of America acquired troubled investment bank Merrill Lynch for some $50 billion in early 2009. To read the full description, subscribe now.
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Key Banc of America Securities LLC Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Employees | 4,200 |
Banc of America Securities LLC Executives
39 executives listed for Banc of America Securities LLC's New York, NY location.
| Title | Name & Bio | Contact |
| Vice Chairman and Mergers and Acquisitions Executive | Stefan Selig | Network |
| CEO | Brian Moynihan | Network |
| COO, Supervision, Control, and Global Markets | Tom Berkery | Network |
Competition
Competitive Landscape for Banc of America Securities LLC
Demand is driven by economic activity that results in company mergers, acquisitions, or public financing. The profitability of an investment bank depends on its ability to accurately assess both the value of a business transaction and the readiness of the market to buy the attendant debt or equity. Big firms have an advantage because large customer transactions require firms with substantial financial resources. Small investment banks can compete by participating in syndications and operating in regional markets or specialized industries. Although labor-intensive, the industry produces very high value: average annual revenue per employee at large firms is under $1 million. The global financial crisis of 2008-2009 dramatically altered the landscape of the investment banking industry. Morgan Stanley and Goldman Sachs, the only large firms still intact, have changed their status from investment banks to bank-holding companies. Both firms still engage primarily in investment banking, but former industry leaders such as Bear Stearns, Merrill Lynch, and Lehman Brothers have either been acquired or have filed for bankruptcy protection. The demise of these firms and the late 2000s recession have likely ushered in a new era in which the creation of innovative but risky financial instruments will be replaced by more traditional banking services. The new environment also means more industry oversight by the federal government, which had to step in and bail out dozens of financial services firms with billions of dollars of taxpayers' money. To read the full description, subscribe now.Top Banc of America Securities LLC Competitors
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