Bank of America (BofA)-- Bank of America announced several leadership changes in its investment banking division, including the transfer of global trading services to Mark Monaco. According to the memo seen by the media, in addition to the corporate payment business currently led, Monaco will also be in charge of global transaction services. Faiz Ahmad, the former head of the division, will head the global capital markets division along with Sarang Gadkari. Ahmad, who has led global trading services since 2017, will continue to report to Matthew Koder, the bank's global head of corporate and investment banking. Monaco will report to Chief Dean Athanasia, President of Regional Banking.