Bank of America poached a senior energy investment banker from Citi

Bank of America has added a new senior investment banker for its energy practice.Monica Schipper/Getty Images

• Bank of America Merrill Lynch has hired a senior energy investment banker from Citigroup.
• Jerry Schretter is joining Bank of America has co-head of energy investment banking in the Americas, according to an internal memo viewed by Business Insider.
• Additionally, Anya Weaving, an MD in energy mergers and acquisitions out of London, is moving to New York with a new role as vice chairman of global natural resources, according to the memo.

Bank of America Merrill Lynch has added a senior investment banker from Citigroup to head up energy dealmaking out of the bank’s New York City office. 

Jerry Schretter, who was previously a managing director and co-head of upstream energy banking at Citi, is joining Bank of America has co-head of energy investment banking in the Americas, according to an internal memo viewed by Business Insider.

Schretter, a 25-year industry vet, will co-head the Americas business with Brad Hutchinson, who joined in 2015 from Barclays and is based in Houston, according to the memo from Julian Mylchreest, the firm’s global head of natural resources investment banking.

A Citigroup spokeswoman declined to comment.

Additionally, Anya Weaving, an MD in energy mergers and acquisitions out of London, is moving to New York with a new role as vice chairman of global natural resources.

“The addition of Jerry and Anya to our Americas Energy practice reflects the significant momentum we are experiencing in this space as we continue to win key mandates and further grow our market share through leading transactions like the recently announced $10.5 billion sale of BHP’s U.S. shale business to BP,” Mylchreest wrote in the memo. 

JPMorgan and Citi topped the league table for global energy and natural sources investment banking fees in 2017 with 8.3% and 5.7% market share of the $11 billion business, respectively, according to Dealogic. Bank of America ranked 6th with a 4.5% share. 

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