Bank of America Continues Expanding Its Tech Banking Team

Odaily Planet Daily News – An internal memo reveals that Bank of America has hired two managing directors to further expand its technology business. Asad Mahmood, formerly a managing director at Barclays, will join in the fall, focusing primarily on the semiconductor and quantum computing sectors. He will be based in Palo Alto, California. Gregory Reider will join Bank of America's Brazil tech investment banking team this week, overseeing technology and fintech businesses in Latin America. According to the memo, Reider was previously the co-founder and managing partner of Volpe Capital, a venture capital firm specializing in Latin America. A Bank of America spokesperson confirmed the contents of the memo. (Bloomberg)