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BofA Faces New Merrill Defections

Stock quotes in this article: BAC , GS , MS , DB , STD  

Updated from 2:13 p.m. EST

Bank of America (BAC Quote) is losing several more senior Merrill Lynch executives, as Deutsche Bank (DB Quote) on Tuesday announced it had hired a group of 12 executives that advise financial companies on acquisitions.

The Merrill group's most senior members include former Merrill Treasurer Eric Heaton, his brother David, who was global co-head of asset management investment banking, and two senior bankers outside the U.S., Richard Slimmon and Richard Gibb. Deutsche Bank issued a press release after TheStreet.com reported some of the hires earlier on Tuesday.

A Bank of America spokeswoman had no immediate response. ...

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