BofA Losing Another Merrill Executive

Bank of America is losing yet another Merrill Lynch executive, telecommunications banker George H. "Woody" Young.
Author:
Publish date:

Telecommunications banker George H. "Woody" Young III is the latest former

Merrill Lynch

executive to defect from

Bank of America

(BAC) - Get Report

, according to a

The Wall Street Journal

report Friday.

Young ,one of the most successful telecom bankers in the early part of the current decade at

Lehman Brothers

, joined Merrill shortly before it sold itself to BofA last year. He worked on a series of deals leading to the growth of SBC Communications, which later became

AT&T

(T) - Get Report

, according to the newspaper. He also had a hand in the $46.5 billion deal that created

Sprint Nextel

(S) - Get Report

, the paper reports.

A Bank of America spokesman did not respond to an email message and Young could not be reached.

Several high-profile executive have left large banks such as

Goldman Sachs

(GS) - Get Report

and

Morgan Stanley

(MS) - Get Report

in recent weeks, as public scrutiny over compensation has intensified for these government and other bailout recipients.