Roberto Barbuti, who was the co-head of investment banking at Bank of America Merrill Lynch's Brazilian unit until October last year, left the firm last week to pursue other interests.
Reuters reports that Barbuti's departure occurred three months after Bank of America Merrill Lynch decided to appoint Hans Lin as the sole head of investment banking in Brazil.
Barbuti was then put in charge of private-equity investments in Latin America and coverage of the electricity and real estate-sectors in Brazil.
In the meantime, the news agency also reports that Bank of America Merrill Lynch has hired Enrique Pani as head of investment banking in Mexico.
Pani returns to BAML after spending a year and a half at Brazilian bank BTG Pactual, where he held a similar position.
BofA's former Brazil investment banking co-head leaves firm
BAML hires Pani for Mexico role