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BofA Losing Another Merrill Executive

Bank of America is losing yet another Merrill Lynch executive, telecommunications banker George H. "Woody" Young.
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Telecommunications banker George H. "Woody" Young III is the latest former

Merrill Lynch

executive to defect from

Bank of America

(BAC)

, 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)

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

Sprint Nextel

(S)

, 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)

and

Morgan Stanley

(MS)

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