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Bank of America Corp. is changing the leadership of its investment bank, naming Christian Meissner its head, the Wall Street Journal reported Sunday.
Meissner came to Bank of America in April 2010, more than a year after the Charlotte-based bank acquired Merrill Lynch. The move provided Bank of America much of its investment banking presence.
Most recently, he had served as one of three people jointly running the investment bank.
The other two - Michael Rubinoff and Paul Donofrio - are remaining with the bank, the Wall Street Journal reported.
The move comes as co-Chief Operating Officer Tom Montag seeks to simplify the part of the company under his purview, which deals with corporate and institutional clients, sources told the Journal. Montag splits the title with David Darnell, who oversees parts of the company that deal with individual customers and a number of other areas.
