NEW YORK - Banc of America Securities has hired Michael Aswad, a 14-year veteran of J.P. Morgan & Co., as a managing director, and Michael Gebo, formerly of Prudential Securities, as a vice president in its financial institutions group. Mr. Aswad will focus on advising specialty finance companies at Banc of America Securities.
The two fill out a group depleted by high-level departures from the unit's San Francisco office this year. Senior banking analyst Diane Merdian left to join Morgan Stanley Dean Witter, and Kathleen Smythe, a managing director in investment banking, left for Putnam Lovell. Recently, Banc of America Securities also hired Sean Ryan, a banking analyst formerly with Bear Stearns & Co.