SG Corporate & Investment Banking acquired Bank of America's structured investments business, which provides hedge fund-linked financing and structured products to institutional and high-net-worth investors, said SG spokesman Jim Galvin. Terms of the deal weren't revealed.
The 19 people comprising BoA's structured investments business sales, marketing and support staff will join SG CIB's equity derivatives platform in New York and London, according to a news release from SG. That includes Jason Griffith, who will be managing director and head of the SG CIB structured products sales team operating out of New York, said Mr. Galvin.
