Telecommunications banker George H. "Woody" Young III is the latest former
executive to defect from
Bank of America
, according to a
The Wall Street Journal
Young ,one of the most successful telecom bankers in the early part of the current decade at
, 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
, according to the newspaper. He also had a hand in the $46.5 billion deal that created
, 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
in recent weeks, as public scrutiny over compensation has intensified for these government and other bailout recipients.