BankAmerica Corp. hired Simona Simut as a vice president in its leveraged finance unit, bringing to 15 its staff that serves leveraged buyout firms.

Ms. Simut most recently worked in leveraged finance at ABN Amro Holding NV in Chicago and will report to Jay Allen, senior managing director in leveraged finance at BankAmerica.

She will present investment ideas to equity investment firms and structure and sell loans.

"Simona will enable us to enhance both our transaction capacity with the clients, as well as continue our efforts to generate and present investment ideas," said Mr. Allen.

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