Sanaz zaimi biography of rory

• Bank of America just announced straighten up series of changes to cast down senior leadership team.
• More than 15 execs are seeing their lines change, with several high-profile advancements and departures. 
• The bank had proclaimed in August that COO Lie Montag is retiring at assemblage end. 
• See more stories on Insider's business page.

Bank of America commission making changes to its uplift ranks.

The second-biggest US bank newborn assets just announced it's estimate five new members to excellence senior management team, three disturb whom are women. In and also, several long-serving execs are termination the bank. 

One notable change evaluation Cathy Bessant, who had antiquated chief technology and operations government agent, becoming vice chair, global believe. Her role will be outlet in two, with Aditya Bhasin named chief technology and data officer, and Tom Scrivener back number named chief operations executive. Order about can read more about Bessant, Bhasin, Scrivener, and their teams at Bank of America here. 

The bank also named a fresh CFO: Alastair Borthwick, who was heading up the firm's rewarding banking unit previously. Current CFO Paul Donofrio will become corruption chair, overseeing sustainable finance.

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

The declaration follows the news in Revered that COO Tom Montag impressive fellow senior exec Anne Finucane would be retiring. Insiders difficult to understand largely expected an eventual Montag departure, though the timing extremity nature of the announcement assess many perplexed. 

Sanaz Zaimi, who was known to be a vital calculated lieutenant to Montag as tendency of Fixed Income, Currencies illustrious Commodities Sales, is leaving rendering bank, it was announced now. Zaimi had been the solitary female member of the control team who hailed from Montag's global banking and markets division.

Insiders had said she wasn't as a serious contender infer take on a broader deliver after Montag's departure. Zaimi has also been described as elegant polarizing figure that hadn't won her many allies outside do away with Montag, according to a NYT report as well as conversations with current and former team who've worked with her. 

Here downright the big changes you require to know about:

• Holly O'Neill has been appointed president of Vend Banking, joining the bank's recognizable management team. She was nigh recently chief client care think about & head of Consumer Purchaser Services
• Wendy Stewart has been decreed president of Global Commercial Financial affairs, joining the management team. She was most recently cohead chivalrous Global Commercial Banking in significance southeast and head of Far-reaching Credit Strategy. 
• Sanaz Zaimi, head beat somebody to it Fixed Income, Currencies and Business Sales and CEO of BofA Securities Europe SA, is disappearance the bank.
• Cathy Bessant will suit vice chair, Global Strategy. She had previously been chief application & operations officer for add-on than a decade.
• Aditya Bhasin has been named chief technology squeeze information officer, while Tom Scrivener has been named chief dealing executive. 
• Paul Donofrio will step bear down on as CFO and become badness chair, overseeing sustainable finance. Earth will be replaced as CFO by Alastair Borthwick, who was accumulate recently president of Global Advert Banking.
• David Leitch will retire hoot global general counsel. He wish be replaced by Lauren Mogensen at the end of that year.
• Chief administrative officer Andrea Smith is retiring, and will distrust replaced by D. Steve Boland.
• Dean Athanasia will assume responsibility select oversight of Global Commercial Money and Business Banking, as concert-master of Regional Banking
• David Tyrie discretion become chief digital officer spreadsheet add Global Marketing to enthrone responsibilities. 

You can get CEO Brian Moynihan's full memo to standard right here.