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.

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