Jason Feuerstein, the former head of MUFG Union Bank’s entertainment group, has reportedly been appointed  by Bank of America Merrill Lynch to lead the firm’s entertainment group. Feuerstein’s position was announced on May 3, according to a report in the Los Angeles Business Journal.

He succeeds Dan Timmons, who accepted a promotion at the bank.

According to Feuerstein’s LinkedIn page he served as director of Union Bank’s entertainment finance team for more than five years.

“Jason held various positions in production and development for commercial, television and motion picture production companies,” the bank said in a statement.

Both Bank of America Merrill Lynch and MUFG Union Bank are part of a lender group that extended a new $300 million line of credit to Miramax studio to help finance the production of several films as year.