BofA Hires Ex-Goldman Exec to Direct Mortgage Department
Bank of America (BAC) hired ex-Goldman Sachs (GS) executive Steve Harris to serve as director in the mortgage banking and asset disposition group. According to a spokesperson at BofA, Harris will become managing director on the American origination sales team and will report to Michael Hokin, head of US mortgage sales. Harris started at Goldman in February 1987, and stayed for 22 years. The latest hiring is another recent example of former Goldman employees finding their way to an office at BofA. Earlier in March, BofA/Merrill Lynch hired Gene Reilly, a former Goldman Sachs partner, to run the Asia-Pacific equity execution services, which according to Bloomberg at the time was at least the third senior hire from Goldman in six months. BofA also hired Michael Dubno in January, the former chief technology officer at Goldman from 2002 to 2005, for the head of global markets and research technology. According the spokesperson at BofA, Harris started at his new position last week. Write to Jon Prior. The author held no relevant investments.