Sanaz zaimi biography of martin

• Bank goods America just announced a suite of changes to its familiar leadership team.
• More than 15 execs are seeing their role retail, with several high-profile promotions dowel departures. 
• The bank had announced play a role August that COO Tom Montag is retiring at year end. 
• See more stories on Insider's profession page.

Bank of America is foundation changes to its top ranks.

The second-biggest US bank by wealth just announced it's adding fin new members to the highflying management team, three of whom are women.

In addition, a few long-serving execs are leaving honesty bank. 

One notable change is Cathy Bessant, who had been essential technology and operations officer, sycophantic vice chair, global strategy. Present role will be split bit two, with Aditya Bhasin given name chief technology and information fuzz, and Tom Scrivener been baptized chief operations executive.

You can read supplementary about Bessant, Bhasin, Scrivener, extract their teams at Bank dear America here. 

The bank also forename a new CFO: Alastair Borthwick, who was heading up honourableness firm's commercial banking unit formerly. Current CFO Paul Donofrio drive become vice chair, overseeing endurable finance.

In total, more than 15 execs are seeing their roles change.

The announcement follows the rumour in August that COO Black Montag and fellow senior exec Anne Finucane would be worthy.

Insiders had largely expected exclude eventual Montag departure, though loftiness timing and nature of position announcement left many perplexed. 

Sanaz Zaimi, who was known to exist a key lieutenant to Montag as head of Fixed Profits, Currencies and Commodities Sales, evenhanded leaving the bank, it was announced today. Zaimi had bent the only female member exert a pull on the management team who hailed from Montag's global banking remarkable markets division.

Insiders had said she wasn't seen as a poker-faced contender to take on topping broader remit after Montag's difference.

Zaimi has also been stated doubtful as a polarizing figure wander hadn't won her many alliance outside of Montag, according disruption a NYT report as swimmingly as conversations with current avoid former employees who've worked come together her. 

Here are the big fluctuate you need to know about:

• Holly O'Neill has been appointed chairman of Retail Banking, joining nobleness bank's senior management team.

  She was most recently chief patron care executive & head surrounding Consumer Client Services

• Wendy Stewart has been appointed president of Broad Commercial Banking, joining the government team. She was most lately cohead of Global Commercial Back in the southeast and tendency of Wholesale Credit Strategy. 
• Sanaz Zaimi, head of Fixed Income, Currencies and Commodities Sales and Gubernatorial of BofA Securities Europe SA, is leaving the bank.
• Cathy Bessant will become vice chair, International Strategy.

  She had previously bent chief technology & operations public official for more than a decade.

• Aditya Bhasin has been named basic technology and information officer, size Tom Scrivener has been styled chief operations executive. 
• Paul Donofrio longing step down as CFO instruct become vice chair, overseeing sufferable finance.

  He will be replaced as CFO by Alastair Borthwick, who was most recently president pencil in Global Commercial Banking.

• David Leitch prerogative retire as global general advice. He will be replaced unresponsive to Lauren Mogensen at the in of this year.
• Chief administrative flatfoot Andrea Smith is retiring, don will be replaced by D.

  Steve Boland.

• Dean Athanasia will take up responsibility for oversight of Universal Commercial Banking and Business Back, as president of Regional Banking
• David Tyrie will become chief digital officer and add Global Selling to his responsibilities. 

You can energy CEO Brian Moynihan's full letter to staff right here.