Hints and tips:
...Three years ago, Bank of America chief executive Brian Moynihan placed a wager on the lender’s sales and trading division, even as its best-known Wall Street executive, Tom Montag, was on his way out....
...At BofA he gradually amassed more responsibilities, rising to be chief operating officer, and he was seen as a potential successor to chief executive Brian Moynihan....
...Bank of America chief executive Brian Moynihan signalled that he plans to continue leading the lender until the end of the decade, as he became the latest Wall Street boss to seek an extended tenure....
...But Montag, now 64, would have been in his 70s if he had hung around for the job to open up, effectively disqualifying him....
...skilfully steered the business to be one of the few financial institutions that can help clients raise cash, move money, expand into new markets and manage risk in every major market around the world,” said Brian...
...Arguably neither Montag nor Finucane were in position to succeed chief executive Brian Moynihan, who, like Gorman at Morgan Stanley, has been in charge for 11 years....
...There is speculation that other players will have to react, including the possibility of Comcast’s Brian Roberts trying to gatecrash the deal altogether....
...Brian Moynihan, chief executive, has authorised newly appointed corporate and investment banking head Matthew Koder to recruit up to 50 managing directors, and a number of mid-level staff to support them...
...The memo, from BofA’s chief operating officer Tom Montag, said “further EU leadership appointments will be announced in due course”....
...However, the bank’s investment banking fees fell 7 per cent in the second quarter, prompting chief executive Brian Moynihan to say that its M&A advisory business “can do a better job”....
...Mr Moynihan has delegated much oversight of the corporate and investment bank to chief operating officer Tom Montag. Bank of America declined to comment....
...As the FT reports: “Moynihan paid an unexpected visit to an off-site for CIB managing directors late last month alongside chief operating officer Tom Montag....
...“This is showing the direction where Goldman wants to go,” said Brian Kleinhanzl, analyst at Keefe, Bruyette & Woods in New York....
...Then in March 2017, Apple’s valuation hit $800bn, on news that Brian White, an analyst at Drexel Hamilton, was forecasting a $1tn market value within 12 months....
...Bank of America’s chief executive Brian Moynihan has moved to simplify and strengthen his management team....
...Brian Moynihan....
...Earlier this year a management change at BofA saw Tom Montag, a Wall Street veteran, become sole chief operating officer....
...When Brian Moynihan took over as Bank of America chief executive nearly five years ago, he had to focus on the past....
...With executive pay approved, Mr Moynihan is set to reap $13.1m in annual pay for 2013, while Thomas Montag, co-chief operating officer, stands to earn $15m as the highest-paid executive....
...Mr Moynihan is set to reap $13.1m in annual pay for 2013, while Thomas Montag, co-chief operating officer, stands to earn $15m as the highest paid executive....
...Brian Moynihan, the famously hangdog chief executive of Bank of America, is unusually exercised and upbeat....
...In 2011, Mr Moynihan’s pay was surpassed by other BofA executives, including Tom Montag, co-chief operating officer. But Mr Montag received about $8m in stock for 2012, lower than his boss....
...Brian Moynihan’s salary of $950,000 was flat in 2011 compared with 2010 but the overall package of $8.1m, up from $1.9m in 2010, was boosted by $6.1m in performance-related stock....
...At the time, his boss Tom Montag said that the Asia-Pacific region “continues to be one of the most compelling growth opportunities” but the job cuts show BofA, like other banks in the region, is paring...
...Moynihan appointed David Darnell and Tom Montag to the newly-created positions of co-chief operating officers, accountable for all of the company’s operating units....
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