NEW YORK, Nov 13 (Reuters) - Bank of America Corp named senior business heads for its corporate, commercial and investment banking operations on Thursday, effective after it completes its acquisition of Merrill Lynch & Co.
The changes were announced in an internal memo from Greg Fleming, who is Merrill's president and chief operating officer and is expected to become the combined companies' head of global corporate, commercial and investment banking.
Brian Brille, from Bank of America, will oversee corporate and investment banking in the Americas. Jim Forbes and Mark Aedy, both from Merrill, will head those operations in the Asia Pacific region and Europe, the Middle East and Africa, respectively.
Joel Van Dusen, from Bank of America, was named head of global corporate banking, while Jeff Kaplan, from Merrill Lynch, was named head of global mergers and acquisitions and financial sponsors.
The appointments follow the announcement of a series of senior positions last week, including heads of divisions within investment banking.
Fleming is expected to report to John Thain, who is now Merrill's chief executive and was last month named head of the combined companies' global banking, securities and wealth management operations.
Bank of America has said it will complete its purchase of Merrill by the end of the year. The transaction originally valued Merrill at $50 billion, but that has tumbled by about half because Bank of America's shares have fallen.
Shareholders of both companies are scheduled to vote on the merger on Dec. 5.
(Reporting by Elinor Comlay and Jonathan Stempel, editing by Matthew Lewis) Keywords: BANKOFAMERICA/MERRILL (elinor.comlay@thomsonreuters.com; + 1 646 223 6116) COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The changes were announced in an internal memo from Greg Fleming, who is Merrill's president and chief operating officer and is expected to become the combined companies' head of global corporate, commercial and investment banking.
Brian Brille, from Bank of America, will oversee corporate and investment banking in the Americas. Jim Forbes and Mark Aedy, both from Merrill, will head those operations in the Asia Pacific region and Europe, the Middle East and Africa, respectively.
Joel Van Dusen, from Bank of America, was named head of global corporate banking, while Jeff Kaplan, from Merrill Lynch, was named head of global mergers and acquisitions and financial sponsors.
The appointments follow the announcement of a series of senior positions last week, including heads of divisions within investment banking.
Fleming is expected to report to John Thain, who is now Merrill's chief executive and was last month named head of the combined companies' global banking, securities and wealth management operations.
Bank of America has said it will complete its purchase of Merrill by the end of the year. The transaction originally valued Merrill at $50 billion, but that has tumbled by about half because Bank of America's shares have fallen.
Shareholders of both companies are scheduled to vote on the merger on Dec. 5.
(Reporting by Elinor Comlay and Jonathan Stempel, editing by Matthew Lewis) Keywords: BANKOFAMERICA/MERRILL (elinor.comlay@thomsonreuters.com; + 1 646 223 6116) COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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