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BofA MD moves to DC Advisory after a year

Financial advisory firm DC Advisory Partners has hired BofA managing director Joel Hope-Bell for its business services team only a year after he began at the bank, according to a source close to the firm. Hope-Bell will be the firm’s sixth hire this year as it predicts a busy 2012.

DC Advisory has hired Joel Hope-Bell for its UK office, according to a statement from the firm. He will be the thirteenth member of the DC London team, which has been involved in sixteen transactions this year. 

Hope-Bell comes straight from Bank of America Merrill Lynch, which he joined as a managing director in 2010 and where he focused on UK investment banking on the BofA side. A person close to the matter told Private Equity International that hiring him from BofA was a “very good coup by DC Advisory Partners”. Before BofA, he spent five years at Morgan Stanley as executive director of UK investment banking. 

Hope-Bell will start at the firm in January 2012, in preparation for what it believes will be a hectic year for private equity transactions. A spokesperson for the firm said that DC Advisory had seen a lot of activity in Europe and a noticeable increase in foreign investors wanting help investing on the continent.

The hire is DC Advisory’s sixth of the year, and the fourth involving a managing director. A source disclosed that three of the new managing directors in London are Ciara O’Neill, Philipp Gutzwiller and Jeff Blue, who have joined in a rapid bolstering of the firm’s senior team. Hope-Bell, like the others, is filling a newly-created position.