BofA Hires Senior Power Banker Manheimer From Morgan Stanley

livemint.com · 2026-10-30

Eddie Manheimer is joining Bank of America Corp. as head of global power and utilities investment banking from Morgan Stanley, as the firm invests in senior talent around AI-related energy and infrastructure dealmaking.

TickrTrends take: Bank of America's recruitment of a senior power banker from Morgan Stanley signals competitive intensity in advising utility sector transactions, an area where ES operates. As ES trades at a fairly valued assessment according to TickrTrends, investors should monitor whether increased banking competition and advisory activity in the power sector influences merger and acquisition activity or capital deployment decisions affecting utilities companies. The movement of senior talent between major investment banks often precedes periods of heightened deal activity, which could create both opportunities and risks for utilities sector valuations going forward.

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