Two senior officials at Bank of America corporate and investment bank have left as part of a reorganization, a spokeswoman in New York said on Tuesday.
Chris Innes, global head of equity financial products at Bank of America, and Pat Augustine, global head of structured products, have left.
Innes had focused on equity derivatives, convertible bonds, and prime brokerage. Those groups are merging with the cash equities business. Peter Forlenza, previously head of the cash equities business, is heading up the combined business.
Augustine had been head of products, including cash collateralized debt obligations, synthetic collateralized debt obligations, and mortgage-backed securities. Chris Hentemann, formerly co-head of global structured finance, will now head global structured products.