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Bank of America Loses Healthcare Bankers

Bank of America is losing another three former Merrill Lynch investment bankers, as the exodus continues.
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Three senior investment bankers who advise healthcare companies are the latest legacy

Merrill Lynch

executives to leave

Bank of America

(BAC)

, after the two banks combined at the start of the year.

According to

The Wall Street Journal

, which first reported the move, the bankers include Alan Hartman, head of M&A for the Americas at BofA and an adviser on

Pfizer's

(PFE)

$68 billion purchase of

Wyeth

(WYE)

.

The bankers will join

Centerview Partners

, a small New York-based advisory firm founded by former executives from

UBS

(UBS)

and

Morgan Stanley

(MS)

.

Senior investment bankers change jobs frequently at this time of year, after receiving year-end bonuses. This year, the movement has a different flavor, with lots of executives leaving banks whose pay practices are under great scrutiny due to the fact that they have accepted government funds. Even industry leader

Goldman Sachs

(GS)

has not been immune to the wave of defections.