BofA Losing Another Merrill Executive

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

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

Merrill Lynch

executive to defect from

Bank of America

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, 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


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

Sprint Nextel

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, 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

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Morgan Stanley

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