Lazard Taps BofA’s Adam Cady for Financial Sponsors Coverage

Title Above. I'm not sure what this entails but is this gonna be a big loss for FSG at BofA? I assume that Laz RX will see an additional uptick in mandates.Curious on other people's thoughts.

6 Comments
 

Some key mandates may be lost on the margin, but it’s unlikely to wipe out BAML’s franchise as a whole.

When BAML lost Fares Noujaim to Guggenheim in 2014, that was another big loss for them but they soldiered on.

Rarely would a single MD departure obliterate an entire team. Some losses yes, but mandates won’t go from 100 to 0 (not for a name brand institution anyway).

 

curious how ppl find out abt these leadership changes? i assume its not in the news (or at least its not smth on my radar when i read the news)

 

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