Bank of America has promoted two veteran investment bankers to be co-heads of U.S. mergers and acquisitions, Kevin Brunner and Ivan Farman, according to a memo seen by Reuters.
The news agency reports that Brunner and Farman are based in New York and report to the global co-heads of M&A, Adrian Mee and Patrick Ramsey.
In the meantime, Reuters also reports that Alex Wilmot-Sitwell, president of Bank of America Merrill Lynch’s Europe, Middle East and Africa region, is leaving the bank, according to an internal memo seen by Reuters on Friday.
Finally, Bloomberg News also reports that Standard Chartered has said it has placed its head of compliance on leave for an unspecified reason.
Tracey McDermott, head of corporate, public and regulatory affairs, is taking over his role temporarily, a spokesman said.
Chief Risk Officer Mark Smith continues to have overall responsibility for the risk and compliance functions, the spokesman added.
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