Tom Berkery is leaving PricewaterhouseCoopers after 25 years to be chief operating officer of Bank of America's global corporate and investment banking division. He will be based in New York.

Bank of America has recently been on a global recruitment drive to boost its investment banking business. Earlier this month it added five bankers to corporate and investment banking in Europe, made a string of hires to its US debt business, added six to investment grade trading and seven to its European debt operation in London.