(Bloomberg) -- Bank of America Corp. has hired Joe Valenti as co-head of media and telecom investment banking, according to a memo seen by Bloomberg News.
New York-based Valenti, who most recently led technology, media and telecommunications at Solomon Partners, will lead the business alongside Dan Kelly, according to the memo from the firm’s global TMT investment-banking head Sam Powers.
“With a primary focus on digital infrastructure, Joe will also work closely with Alex Wan to help drive our origination and coverage efforts in this rapidly growing sector,” Powers wrote. A Bank of America spokesman confirmed the memo’s contents and declined to comment further.
Prior to joining Solomon Partners in 2019, Valenti worked at Barclays Plc and its predecessor Lehman Brothers for almost two decades. Under his leadership, Solomon Partners advised clients including data-center operator Digital Realty Trust Inc. on its acquisition of a majority stake in Teraco.
©2022 Bloomberg L.P.