BofA Combines Banking Units

Bank of America has combined its corporate and investment banking divisions.

Bank of America has combined its corporate and investment banking divisions, Financial Times reports. The lender has appointed London-based executive, Christian Meissner, as co-head of the merged global business alongside Paul Donofrio and Michael Rubinoff. Donofrio was formerly managing BofA’s corporate banking, while Rubinoff was co-head of investment banking. The three executives will report to president of BofA’s global banking markets, Tom Montag.

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