Merrill Lynch execs take leading role at BoA


Several Merrill Lynch executives will step into leadership posts after the bank's $50 billion takeover by Bank of America (BoA), set to close in the first quarter of next year.

Merrill Lynch's chairman and chief executive, John Thain, will take over as president of BoA's global banking, securities and wealth management businesses after the merger. Greg Fleming, Merrill Lynch's chief operating officer, will take over as head of global corporate and investment banking, replacing Brian Moynihan

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