Diego De Giorgi has become sole head of global investment banking at Bank of America Merrill Lynch as his previous co-head Karim Assef takes on a chairman role, according to a memo seen by Reuters on Wednesday.
The news agency reports that Assef and De Giorgi became co-heads of the newly created position of global investment banking at the Wall Street firm in April 2015, with Assef based in New York and De Giorgi in London.
In the meantime, Reuters also reports that Bank of America Merrill Lynch has reshuffled its debt capital markets team, appointing Andrew Karp and Brendan Hanley as co-heads of global DCM, according to an internal memo seen by IFR.
Karp previously co-ran the US bank's Americas investment-grade capital market business with Hanley. They report to AJ Murphy, head of global capital markets.
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