NationsBanc Montgomery Securities, a subsidiary of BankAmerica Corp. of Charlotte, has hired Steve Gallagher and Jeffrey Smith as managing directors in its high-grade fixed-income group.

Mr. Gallagher will head global high-grade trading in Charlotte. He will be responsible for Yankee bonds, euros, preferred stock, and asset-backed securities. He was a Bear Stearns managing director, and earlier was with Merrill Lynch.

Mr. Smith will work in sales in New York. He was a vice president in senior sales and trading capacities at Citigroup Inc.'s Salomon Brothers Smith Barney, and earlier at Morgan Stanley Dean Witter.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.