BANK OF AMERICA SECURITIES

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Bank of America Securities LLC (BAS), was an investment banking subsidiary of Bank of America until it was merged with Merrill Lynch after that firmโ€™s acquisition in 2008 to become Bank of America Merrill Lynch. Headquartered in San Francisco, the company competed in both the domestic and international equity and investment banking markets. The company was a registered broker-dealer with the United States Securities and Exchange Commission (SEC) and was a member of the New York Stock Exchange... and the National Association of Securities Dealers. The use of โ€œBancโ€ in the BASโ€™s name was indicative of the fact that the company was not a bank, and its deposits and other holdings were not insured by the Federal Deposit Insurance Corporation. During its years of operation its strongest investment banking groups included high-yield debt underwriting and Leveraged Finance, in addition to industry coverage groups such as Healthcare, Consumer & Retail, Global Industries, Media & Telecom, Financial Institutions, Real Estate and Gaming. BAS also did a significant amount of work for Financial Sponsors, or private equity firms, often financing leveraged transactions. On the product side, the firm employed M&A senior bankers throughout the industry coverage groups. BAS also had a stand-alone Mergers & Acquisitions Group, consisting of bankers that transact M&A deals across all industries, as well as a Transaction Development Group, which aimed to identify and market transaction opportunities. On October 3, 2008, Bank of America announced that John Thain would lead the combined Bank of America/Merrill Lynch Global Corporate and Investment Banking enterprise. Thain was forced out by Bank of America Chairman Kenneth D. Lewis on January 22, 2009, because of the colossal losses visited on B of A due to its acquisition of Merrill Lynch. With Thainโ€™s departure, Brian Moynihan became president of Global Banking and Global Wealth and Investment Management.

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BANK OF AMERICA SECURITIES

Industry:
Angel Investment Banking Financial Services

Status:
Closed

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Current Employees Featured

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Vikal K
Vikal K Fixed Income Securities Lending @ Bank of America Securities
Fixed Income Securities Lending

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Tom Berkery
Tom Berkery COO @ Bank of America Securities
COO

Investments List

Date Company Article Money raised
2021-01-11 Thrasio Bank of America Securities investment in Debt Financing - Thrasio 500 M USD
2006-11-07 EUSA Pharma Bank of America Securities investment in Venture Round - EUSA Pharma 18.6 M USD
2004-08-11 Pharmasset Bank of America Securities investment in Series D - Pharmasset 40 M USD
2003-07-09 ZettaCom Bank of America Securities investment in Series C - ZettaCom 19.2 M USD
2002-11-20 Sphera Corporation Bank of America Securities investment in Series D - Sphera Corporation 4 M USD
2002-10-11 CapitalStream Bank of America Securities investment in Private Equity Round - CapitalStream 10 M USD
2002-04-25 iolon, inc. Bank of America Securities investment in Series C - iolon, inc. 7.6 M USD
2002-02-25 Innovance Bank of America Securities investment in Series B - Innovance 88 M USD
2002-02-11 Mellanox Technologies Bank of America Securities investment in Series C - Mellanox Technologies 56 M USD
2001-09-19 Yottabyte NetStorage Bank of America Securities investment in Venture Round - Yottabyte NetStorage 26 M USD

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