NationsBanc Montgomery Securities Inc., BankAmerica Corp.'s securities subsidiary, is expected to announce the hiring of a senior equity analyst today.
Todd Richter joins the firm from Morgan Stanley Dean Witter & Co., where he was head of the health-care research team. He will be the senior analyst in charge of Montgomery's health-care equity research.
Mr. Richter will be based in New York and report to Tom Thornhill, Montgomery's head of research. Montgomery executives have said they plan to make a big investment in beefing up equity research.
In February, Montgomery hired Brian Brille of Morgan Stanley to head its health-care investment banking group in New York.