- Garry Collins, Financial institution of America’s head of capital introduction, has left the financial institution, Insider has discovered.
- Collins related rich and institutional shoppers with funding managers like hedge funds trying to elevate capital.
- A supply conversant in the scenario mentioned he’ll return to Credit score Suisse, engaged on hedge fund origination.
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Garry Collins is out at Financial institution of America after a little bit greater than two years on the agency, and is returning to his former skilled house: Credit score Suisse.
Collins, the financial institution’s head of capital introduction, left the agency Monday afternoon, a number of sources inform Insider. In his position on the prime brokerage workforce, he related rich and institutional shoppers with funding managers like hedge funds trying to elevate capital.
Previous to becoming a member of Financial institution of America, Collins labored for Credit score Suisse for greater than a decade, in accordance with his LinkedIn web page. He’ll return to the Swiss agency the place he’ll work on hedge fund origination underneath Alex Englander, head of fairness gross sales within the Americas, in accordance with a supply conversant in the scenario.
Collins didn’t instantly return requests for remark from Insider.
Financial institution of America’s prime brokerage unit had a number of prime folks go away in 2018 following the dismissal of Omeed Malik, the previous head of the workforce, for what the financial institution characterised as harassment. Malik was a rising star on the time, and departures in 2018 included administrators Michael Dolan and Kristin Maule and managing director Chris Throop.
Malik sued Financial institution of America for defamation and discrimination, and obtained an undisclosed, multi-million-dollar settlement from the financial institution.
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