NationsBanc Montgomery Securities, the investment banking subsidiary of NationsBank Corp., Charlotte, N.C., hired Mark Hallock as senior managing director and head of its private equity placement business.
He is to be based in New York and report to Derek Lemke, the senior managing director who heads the firm's private equity group. He is to work on identifying fund-raising opportunities.
Mr. Hallock is joining the banking company from Salomon Smith Barney, where he had worked in the private placement group since 1986. Before that, he worked at Citicorp for two years in the securities group.
NationsBanc Montgomery has so far focused on raising capital for private companies. With the addition of Mr. Hallock, it said it intends to shift focus to raising private equity for financial sponsors.