BankBoston Corp. said Tuesday that it hired Henry Morneault to be division executive of its media and communications group.
Mr. Morneault was most recently chief financial officer of Allbritton Communications Co. in Washington. He is to be responsible for one of BankBoston's largest teams of industry specialists. The banking company's media and communications effort covers broadcasting, publishing and cable television, telecommunications, entertainment, theater exhibition, outdoor advertising, and gaming.
Mr. Morneault joined Allbritton in 1992 as a vice president of finance. Before that, he had spent more than 10 years in Chemical Bank's media group and was a loan officer at BankBoston for two years.
High-Yield GroupHires a Finova Exec
Terrence J. Ward has joined the Los Angeles office of Back Bay Capital, a high-yield finance group recently formed by BankBoston Retail Finance Inc.
Mr. Ward joins Back Bay from Finova Capital Corp., where he worked for seven years.
Headquartered in Boston, Back Bay offers turnaround capital, bridge, and other financings to companies that cannot tap the traditional bank loan market. It is advised and managed by the principals of BankBoston Retail Finance, a unit of BankBoston Corp.