Thain leaves BoA within a month of merger
John Thain, Merrill Lynch's former chairman and chief executive, has become the second senior executive to leave Bank of America (BoA) since the merger of the two banks closed on January 1. BoA had named him to lead the global banking, global wealth and investment management division in the combined company. Brian Moynihan has been appointed to take up this role temporarily until a permanent replacement is found. He was previously general counsel at BoA. Prior to the merger, Moynihan ran global
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